Oddo BHF - TENARIS S.A. (TEN) Tenaris : EBITDA 13% attentes et nouveau programme de rachats d’actions (700 M$)

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Oddo BHF

Baptiste Lebacq

Tenaris : EBITDA 13% >attentes et nouveau programme de rachats d’actions (700 M$)

>EBITDA T3 2024 : 13% > à nos attentes - Le CA sur le T3 2024 ressort à 2.9 Md$ (-10% YoY et -12% QoQ) affecté par la baisse des prix sur le continent américain et de la demande aux États-Unis, au Mexique et en Arabie Saoudite, ainsi que par la baisse des expéditions de tubes de pipelines en Argentine. L’EBITDA ressort à 688 M$ (>à nos attentes de 607 M$ et de celles du consensus de 581 M$), faisant ainsi ressortir une marge d’EBITDA de 23.6% (vs 31% au T3 23). §...

07/11/2024 1 FR

Underlying

TENARIS S.A.

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LU2598331598 Greece

Provider

Oddo BHF

Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Analysts

Baptiste Lebacq

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Tenaris : EBITDA 13% >attentes et nouveau programme de rachats d’actions (700 M$)

Tenaris : EBITDA 13% >expectations and new share buyback programme ($ 700m)

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/25/2024

Daimler Truck : Q3 adj. EBIT slightly above, FCF/orders soft, 2024 guidance confirmed

Elmos Semiconductor SE : Better resilience than expected, but question of revenue landing early 2025 still up in the air, as we see it

CompuGroup Medical SE : Poor momentum in Q3 2024, as expected

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