Michelin : H1 miss to be offset by a stronger H2
>H1 below expectations but full-year targets confirmed - Michelin reported H1 results that fell short of expectations (-7% for EBIT in particular, negative adjusted FCF of € 1.0bn, consensus at -€ 85m and ODDO BHF at -€ 615m) in a highly disrupted environment at the start of the year, but confirmed all of its full-year targets despite a more cautious volumes scenario, suggesting that the second half will be much stronger, buoyed notably by the ongoing recovery in spec...
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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