RENK : Q3 2024 EBIT 10.5%> css driven by the expected accelerated top-line growth
>Q3 adj. EBIT 10.5% ahead of css driven by VMS - Q3 2024 is showing the first effects of production getting back under control, albeit with some remaining inefficiencies. At € 43m (+6%), adjusted EBIT came in 10.5% ahead of expectations (ODDO BHF: € 35.9m; Vara css: € 38.9m) on sales growth of 10.5% to € 268m, giving a margin of 16.2% (-70bp). Deviation from the css stems essentially from VMS (+12% vs css at EBIT level), marking a return to normalised volumes at the t...
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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