Sika : Headed for the low end of 2024 guidance
>Q3 EBITDA 2% below expectations - This morning Sika reported Q3 EBITDA of CHF 609m, 2% lower than forecast (consensus CHF 621m and ODDO BHF estimate: CHF 633m) i.e. a 19.8% margin, down 30bp. Free cash flow came to CHF 849.5m (vs CHF 896.5m) and the gross margin improved to 54.2% vs 53.1% (ODDO BHF estimate: 54.1%).Q3 2024 sales dipped 0.7% to CHF 3,080m (+1.7% LFL), close to the consensus (CHF 3,091m) and our estimate (CHF 3,082m). Q3 organic sales growth of ...
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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