SES-imagotag is taking a hit on the stock market this Friday after reporting a slowdown in third-quarter growth, penalized by an economic context deemed 'difficult'.

After reporting strong sales growth of 33% for the first six months of the year, the electronic label specialist announced last night third-quarter sales of 182 million euros, almost stable year-on-year (+0.4%).

Even so, this is the best Q3 ever achieved by the group.

In its press release, the company explains that it suffered from a "particularly difficult" global economic climate for the retail sector, due to high inflation, falling consumer volumes and margins under severe pressure.

Analysts at Euroland Corporate this morning spoke of a "logical and temporary slowdown" in growth, given the harsh economic climate and unfavorable technical effects.

SES-imagotag says it is well on the way to achieving its sales target of 800 million euros this year, driven by expected strong growth in Q4.

The company is therefore targeting sales of approx. of around 240 million euros in the last three months of the year, representing year-on-year growth of over 50%.

It also expects to further increase profitability in the second half of the year.

For 2024, the Group anticipates continued strong growth, due in particular to the acceleration of its business in the United States.

On the Paris Bourse, its share price dropped by more than 5% in early trading, making it one of the biggest decliners on the SBF 120.

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