Brief: SMCP Cuts 2023 Annual Guidance

Smcp SA

18/09/2023 16:53

Sept 18 (Reuters) - SMCP SA  SMCP.PA :
    * SMCP ADJUSTS ITS 2023 ANNUAL GUIDANCE
    * A MID-SINGLE DIGIT GROWTH OF SALES AT CONSTANT FX VERSUS.
« MID-
TO HIGH- SINGLE DIGIT SALES GROWTH AT CONSTANT FX VERSUS 2022 »,
PREVIOUSLY
    * OUTLOOK 2023: ADJUSTED EBIT MARGIN BETWEEN 7% AND 9%
VERSUS. «
IMPROVE FULL-YEAR EBIT MARGIN VERSUS 2022 », IE. 9.2% OF SALES,
PREVIOUSLY
    * FOR SECOND HALF OF YEAR, GROUP TARGETS A MODERATE GROWTH
IN
SALES COMPARED TO 2022
    * ADJUSTMENT OF SALES ANNUAL GUIDANCE LEADS TO A MECHANICAL
REDUCTION OF 2023 EBIT MARGIN TARGE
    * OUTLOOK SALES: STABLE OR SLIGHTLY DECREASING Q3
    * SALES OUTLOOK: Q4 MORE IN LINE WITH TREND SEEN IN FIRST
SEMESTER
    * CHINESE CONSUMPTION, MEANWHILE, HAS NOT FOLLOWED EXPECTED
TRAJECTORY, AS INDICATED BY KEY INDICATORS IN CHINA

Source text for Eikon:  ID:nGNE9dsFbT 
Further company coverage:  SMCP.PA 

 (Gdansk Newsroom)
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