SES-Imagotag shares jump on 'healthy' H1 profitability

Vusion SA

12/09/2023 08:16

** SES-imagotag  SESL.PA  shares jump about 15% after the
French shelf labelling systems company reported 'healthy'
profitability growth
    ** The firm's H1 FCF turns positive and reached 34.5 million
euros, while its EBIT rises to 22.7 mln euros ($24.35 million)
    ** SES-imagotag expects "a strong Q4 both in terms of sales
and order entries, as well as continued profitability growth
driven by ongoing improvements in manufacturing costs"
    ** Berenberg dubs SES-imagotag's earnings trajectory as
"strong" 
    ** It sees the company's positive FCF as a "very positive"
sign and does not anticipate any back-end-loaded capex turning
the company's FCF negative in 2023 
    ** The brokerage says "SES-imagotag's H1 results will be a
positive short-term catalyst for its share price"
    ** Portzamparc says the company's profitability growth is
healthy and was to be expected 
    
($1 = 0.9321 euros)

 (Reporting by Laura Lenkiewicz)
 ((Laura.lenkiewicz@thomsonreuters.com))