Oddo BHF - FUCHS PETROLUB SE (FPE3) FUCHS SE (pref) : Preview Q1 – On track for records

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Oddo BHF

Michael B. Schäfer

FUCHS SE (pref) : Preview Q1 – On track for records

>Q1 results due 30 April – project 11% EBIT growth y-o-y to € 114m (cons € 112m) - We expect upcoming Q1 2024 results of FUCHS to continue on its growth path and annual y-o-y EBIT recovery trend that started in Q2 2022. EBIT including at equity may come in at € 114m, 11% above the previous year’s level of € 103m and seasonally weaker € 100m in Q4 2023. This leaves us 2% ahead of the € 112m at current Visible Alpha consensus.Volume recovery continues, posi...

18/04/2024 1 EN

Underlying

FUCHS PETROLUB SE

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DE000A3E5D64 Germany

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.

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Analysts

Michael B. Schäfer

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FUCHS SE (pref) : Preview Q1 – On track for records

ODDO BHF Small & MIDCAP MORNING NEWS - 30/04/2024 Date Performance depuis l’entrée Date Performance depuis l’entrée

ODDO BHF Small & MIDCAP MORNING NEWS - 04/30/2024

FUCHS SE (pref) : Q1 EBIT in line with css; € 430m EBIT 2024 outlook (css € 442m) confirmed with Q3>Q2>Q1 and 4x Q1=€ 428m, looks conservative

France: modest growth, fiscal stability at risk

France : un peu de croissance, pas de stabilité budgétaire

But : Nouvelle émission obligataire avec intégration de Conforama

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