Report
Michael B. Schäfer

FUCHS SE (pref) : Q3 EBIT in line with css on restructuring provision. Maintained outlook remains very conservative

>4% y-o-y volume growth in Q3 2024 (Q2 2024: c. 3%) - encouraging - 4% y-o-y volume growth in Q3 2024 (Q2 2024: c. 3%); pass-through pricing leaves organic sales growth at 2% y-o-y (ODDO BHF: +2%) and 1% scope grows sales by 3% y-o-y to € 902m (css/ODDO BHF € 895m/€ 886m). -2% y-o-y estimated price erosion (Q2 2024: -2%) mirrors raw materials pass-through clauses partially baked into contracts.Another record gross profit with better than expected gross ma...
Underlying
FUCHS PETROLUB SE

Provider
Oddo BHF
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.

Analysts
Michael B. Schäfer

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