Iveco : A mixed set of Q1 2023 results, risks not priced in
>Certain items revised upwards, others downwards - Iveco’s Q1 results published yesterday morning (see First Take here) were solid and ahead of expectations on EBIT (adjusted EBIT from Industrial Activities 13%% ahead of company-compiled consensus), but weak and below expectations on the FCF line (-€ 593m vs -€ 347m expected). Iveco’s profitability was again buoyed up by a solid pricing environment, but its cash position was penalised by delivery delays and increase...
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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