Iveco : Reassuring on the short term but doubt remains on the medium term
>EBIT beat and guidance upgrade, still waiting for FCF - Yesterday Iveco reported Q2 results that beat expectations on EBIT but disappointed on FCF. The margin improved slightly whereas the group had guided for Q2 to be a trough, thanks to ongoing price strength that offset the acceleration in inflation over the quarter. These figures prompts the group to upgrade its sales and adjusted EBIT guidance but it leaves its FCF target broadly unchanged. In the wake of these ...
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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