Forsee Power : Results more negative than expected. The planned end to Iveco orders undermines the short- and medium-term growth trajectory
>Result more negative than expected - Yesterday evening, Forsee Power published full-year results that fell short of our expectations. For sales (already published) up 54% y-o-y to € 171m, largely driven by the heavy vehicles segment (85% of 2023 sales), adjusted EBITDA was -€ 6.8m (vs -€ 5.5m est.), albeit showing a y-o-y improvement with the increase in volumes, but also thanks to the stronger capitalisation of R&D costs vs the historical level. Underlying operatin...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.