Report
NX Filtration : Highly disciplined on costs and cash
>FY22 recap: strong GM with costs well under control - NX Filtration (NX) reported FY22 results that were a tad soft on sales (timing-driven), but good on gross margin, opex and cash flow. 2H22-implied gross margin came in slightly below 59%, up >350bps vs 1H22, driven by mix-effects (not to be extrapolated into FY23) and the company’s recently grown scale (deployment of a second spinning line). Further down the P&L, operating costs also seem well under control with t...
Underlying
NX FILTRATION HLDG BV
Provider
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.
Eric Wilmer
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