Iveco : Good momentum in the short term but structural questions remain
>Mixed Q4 but confident guidance - Iveco reported its Q4 2023 results on Friday, 9 February (First Take here) which we found to be mixed. While overall EBIT was above consensus expectations (but below our own forecasts), the performance of the central Commercial & Specialty Vehicles division undershot expectations, with a sequential erosion of the margin. Moreover, while the group managed to make up its lag in FCF generation, the latter remains weak in absolute terms ...
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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