Report
Anthony Dick ...
  • Michael Foundoukidis

Iveco : Solid Q1 2024 numbers, but showing signs of peaking

>A solid Q1, 2024 guidance confirmed - On Friday morning, Iveco reported solid results that beat forecasts (+22% vs EBIT consensus, +14% vs ODDO BHF). The group posted stable sales (€ 3.37bn, cons. € 3.35bn, ODDO BHF € 3.49bn), supported by volume growth (+8% y-o-y), offset by a negative price/mix (decline in buses and trucks). With regards to profitability, the performance was solid with adjusted EBIT of € 233m, +34% y-o-y (a favourable comparison base + pricing), i....
Underlying
IVECO GROUP

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Anthony Dick

Michael Foundoukidis

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