Report
FUCHS SE (pref) : Q2 EBIT in line with cons; € 430m EBIT 2024 outlook (cons € 438m) confirmed with Q3>Q2; looks conservative as July looks strong as well
>3% volume growth in Q2 2024 (Q1 2024: c. 0%); pass-through pricing leaves organic sales growth at 1% y-o-y (ODDO BHF: 0%) - 3% volume growth in Q2 2024 (Q1 24: c. 0%); pass-through pricing leaves organic sales growth at 1% y-o-y (ODDO BHF: 0%) and -1% FX, keeping sales flat y-o-y at € 887m (cons/ODDO BHF € 891m/€ 897m). 2% y-o-y estimated price erosion (Q1 2024: -3%) mirrors raw materials pass-through clauses partially baked into contracts. The latter primarily refle...
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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