Q2 21 trends tracking significantly above forecasts
Q2 21 sales came out at EUR192m down 46% LFL from a high comparison basis (last year was boosted by face masks) but tracked 19% above our estimates with the beat driven by virtually all divisions. CPF benefited from a pick-up in demand from construction and appliance end-markets. CFT PCC rebounded from a depressed base and grew in line with the clothing market. Business momentum remained strong at CHS on the back of several contracts with pub ....
09 Sep 2021
Strong H1 21 delivery
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Strong H1 21 delivery
- Published:
09 Sep 2021 -
Author:
Lahmidi Mourad ML -
Pages:
6
Q2 21 trends tracking significantly above forecasts
Q2 21 sales came out at EUR192m down 46% LFL from a high comparison basis (last year was boosted by face masks) but tracked 19% above our estimates with the beat driven by virtually all divisions. CPF benefited from a pick-up in demand from construction and appliance end-markets. CFT PCC rebounded from a depressed base and grew in line with the clothing market. Business momentum remained strong at CHS on the back of several contracts with pub ....