Report
Eric Wilmer

Cabka NV : Turning Hazelwood back into recycled plastic

>US-hiccups not factored into FY22 css; Css seems cautious on FY23-24 - Cabka’s 3Q22 trading update revealed that quarterly sales were down 4% sequentially (+23% yoy), with the July Hazelwood flooding (USA) visibly impacting operations (the facility represents c. 15% of total group capacity). Although Cabka did not provide a FY22 sales (or profitability) range, we argue that BB css’ (only three inputs) implied Underlying EBITDA and sales expectations seem somewhat ri...
Underlying
CABKA N.V.

Provider
Oddo BHF
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.

Analysts
Eric Wilmer

ResearchPool Subscriptions

Get the most out of your insights

Get in touch