Ann: SECOS MyEcoBag Sales & Marketing Campaign, page-208

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TeteDeMouton

32 Posts.

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10/09/21

09:33

Post #: 55963314
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Originally posted by Mystro99: ↑

Reading the DMX comment from January 2021.
SES, the manufacturer of sustainable packaging materials, announced 2Q21 revenue of $7.9m, up 50% on 2Q20
(previous corresponding period (PCP)). While revenue increased strongly (up 34%) on 1Q21, importantly and
encouragingly, SES’s high margin Biopolymer sales were up 71%. These now represent over 73% of total group
sales with SES’s lower margin, traditional film product representing a diminishing proportion of sales. There
were several drivers of this strong sales growth, including SES’s Biopolymer resin sales to the Americas
recommencing, increased demand for compostable dog waste bags, strong Australian local council demand for
compostable food waste-kitchen caddy bags, as well as significant ongoing growth in compostable film orders
for hygiene applications.

Looking at FY21 BIO only account for 60% of Revenue...vs DMX's comment in Jan that it was 73%. I do however believe the trend is up for BIO. I might pick a small amount and do more work.

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Yeah the DMX paragraph was referring to the Dec quarter 4C (top figure below) which showed Bio at 73% for the 2nd qtr. The June 4C shows the breakdown for all 4 qtrs (bottom figure) and actually that 73% has been scaled down. I haven't had time to look in detail but some of the differences between the values below (if we took weighted mean over the 4 qtrs) and the overall % bio in the latest report are presumably to do with what is being plotted? - sales etc.?

SES Price at posting: 33.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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