Iveco : A less impressive Q2, fuelling concerns
>Q2 in line on the P&L but weak on FCF, 2024 guidance reiterated - Iveco reported its Q2 results yesterday before trading. They came broadly in line with expectations on the P&L (EBIT +4% vs consensus, in line with our estimates), but once again disappointed on FCF. The group reported revenues of € 3.9bn, down 5% y-o-y, in line with expectations, reflecting the volumes decline (-15% y-o-y, of which -15% for LCVs, -23% for Medium & Heavy Trucks, +32% for Buses), partly...
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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