2023-07-07 11:00:00
(AOF) – Biggest increase in the SBF 120, SES-imagotag wins more than 30% at midday. The activist fund Gotham City Research, whose first report had plunged the specialist in digital solutions for physical commerce by 60% on the stock market, renewed its accusations of accounting manipulation and criticized its governance this Friday in a second publication.
Regarding the first report, the group had refuted “every one of the allegations made once morest it” by investor Gotham City Research, saying that “there is no overstatement of the company’s revenues or profits”.
The fraud alluded to in the report does not exist; there is no double counting of circular revenues with BOE; the consolidation of income from group subsidiaries and the parent company is consistent with consolidated income, which is generated exclusively by sales to external customers. The capitalization of SES-imagotag’s R&D investments complies with IFRS accounting standards,” the company pointed out.
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Growth of the French market in value
According to the Gfk institute, the sector generated sales of 4.8 billion euros in 2021, up 2% compared to 2020. The product families that benefited from the best performance are in particular helmets and accessories as well as televisions. However, while the French consumer electronics market grew in value last year, it fell in terms of volumes (-2% with 51 million units sold). This trend can be explained by a move upmarket in products: Bluetooth speakers are more powerful or even televisions use more innovative technologies. Thus the development of technologies that improve image resolution (Oled, Qled, miniled) and the size of screens have caused an increase of more than 20% in the average price. Consumers are also looking for more sustainable products.
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