Iveco : Weaknesses highlighted in the current environment
>Q3 ahead of consensus EBIT but disappointing FCF - Iveco’s Q3 results, reported yesterday morning, were a mixed bag. At the EBIT level, Q3 beat consensus expectations (+10%) but fell short of our own estimates (-9%) which we had aligned with current sector trends (strong momentum already evidenced at Volvo, Paccar, and TRATON in the last weeks) rather than the company’s overly conservative guidance. The group once again upgraded its EBIT guidance for 2023, but this ...
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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