Epiroc : Weak start to the year with orders and EBIT below expectations
>Q1 2024: orders down 3% and adjusted EBIT margin down 260bp to 20.4% - Epiroc this morning reported Q1 2024 results that were below expectations at order and adjusted EBIT levels. Order intake was SEK 14.2bn (consensus SEK 14.9bn), down 3% on an organic basis (consensus -1.2%) due to less large orders and still weak demand in construction attachments. Sales were up 3% (consensus +2.7%) on an organic basis to SEK 14.1bn.The adjusted EBIT margin decline...
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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