Peugeot SA : (Very) good earnings release on a (very) bad day
>Excellent Q3 lends weight to our more optimistic view vs consensus - Peugeot's Q3 2020 sales, reported yesterday, largely beat expectations (+10% vs consensus for automotive), with slight growth, despite volume momentum remaining under pressure and thanks to favourable impacts from new launches (mix, prices). Not surprisingly, the group did not provide any guidance, but these figures lend weight to our much higher earnings and FCF expectations compared to the consens...Peugeot is an automobile manufacturer (cars and light commercial vehicles), supported by two brands: Peugeot and Citroen. Co.'s activities are divided into four main segments: Automobile (Co. designs, manufactures and markets passenger cars and light commercial vehicles under Peugeot and Citroen brands), Finance (Co. provides retail and wholesale financing to customers and dealer networks), Automotive equipment (Co. produces Interior Systems, Automotive Seating, Automotive Exteriors and Emissions Control Technologies) and Other businesses (Co. produces scooters).
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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