Iveco : Broadly reassuring Q1, but pressures are mounting
>Better-than-expected results but visibility limited - During trading yesterday, Iveco reported Q1 results that beat expectations (adjusted EBIT of € 102m vs consensus € 50m est.) thanks to still favourable pricing in the current capacity-constrained environment. The new full-year guidance, which implies a broadly stable adj.EBIT margin y-o-y, is in line with our estimates but above the consensus. However, with Q2 set to be below Q1, the guidance assumes improvement...
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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