Sika : 2023 results in line
>EBIT, net profit & FCF in line – Gross margin still improving - After publishing in early January 2023 sales of CHF 11.24bn, up 14.5% in local currency (see our comment ‘Set to move higher’), the group reported this morning EBIT in line with expectations, at CHF 1,549m (consensus CHF 1,549m), giving a margin of 13.8% in line with the consensus (13.8%). Excluding one-offs, the margin came to 15.1% for EBIT at CHF 1,681m. The gross margin was 53.6% for 2023 after 49.4%...
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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