Report
FUCHS SE (pref) : Q4 EBIT 5% ahead; much stronger € 465m for FCF 2023; conservative € 430m EBIT 2024 outlook (cs € 447m); € 500m target for 2025 confirmed
>Organic sales growth of 3.4% y-o-y was fuelled by sequentially improving 3% volume recovery - Organic sales growth of 3.4% y/y was fuelled by sequentially improving 3% volume recovery vs 2% in Q3 but hit by -7% FX, pushing sales down 4% y-o-y to € 843m (cons/ODDO BHF € 868m/€ 893m). Flat pricing and continuing volume recovery in APAC shaped Q4, adding to the 1st time volume recovery of 2% reported in Q3 after six quarters of decline.Q4 EBIT incl. at equ...
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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