Report
Fuchs Petrolub SE : Q4 2022 EBIT 2% below, 2023 EBIT outlook 2% below consensus but with conservative assumptions; strong FCF recovery outlook in line
>Organic sales growth of 16% slightly down q-o-q (Q3: 19%) on APAC - Organic sales growth of 16% slightly down q-o-q (Q3: 19%) on APAC but pushing sales to slightly lower than expected € 870m (consensus/ODDO BHF € 909m/€ 855m) fuelled by sticking price initiatives around 21% and FX tailwinds of c. 1%, implying some 5% decline in volumes y-o-y primarily on Covid-infection rates in China and some production issues in the US.Organic growth primarily strong ...
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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