Report
FUCHS SE (pref) : Q3 EBIT 5% ahead, volume growth returns after 6 quarters; another 27% OpFCF guidance raise to € 380m; EBIT outlook unchanged on geopolitics
>Organic sales growth of 4.2% y-o-y was in-line with our view (Q2 23: 11.5%) and including volume growth - Organic sales growth of 4.2% y-o-y was in-line with our view (Q2 2023: 11.5%) and including volume growth pushing sales to € 876m (cons/ODDO € 900m/€ 905m) fuelled by fading but sticky price initiatives around 2% and first time volume recovery since Q4 21 to +2% y-o-y from c. -2% in Q2 2023, mitigated by 7% FX headwinds.Q3 EBIT incl. at equity was 5%...
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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