Report
Fuchs Petrolub SE (pref.) : Q3 EBIT 6% above consensus on better Americas/APAC, EBIT outlook confirmed but looks conservative to us. FCF still weak on NWC
>Organic sales growth of 19% accelerated further q-o-q (Q2: 11%) - Organic sales growth of 19% accelerated further q-o-q (Q2: 11%), pushing sales to a better than expected € 902m (cons/ODDO € 853m/€ 859m) fuelled by sticking price initiatives around 20% and FX tailwinds of c. 7%, compensating the c. -1% decline in volumes y-o-y primarily on China but sequentially improving vs. c. -5% y-o-y in Q2. Sales gained 8% q-o-q.Q-o-q organic growth acceleration eve...
Underlying
FUCHS PETROLUB SE
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.
Michael B. Schäfer
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