Oddo BHF - Sika AG (SIK) Sika : Résultats 2023 conformes

Report

Oddo BHF

Chaima Ferrandon ...

Sven Edelfelt

Sika : Résultats 2023 conformes

>EBIT, RN & FCF en ligne – marge brute encore en amélioration - Après avoir publié, début janvier, un chiffre d’affaires 2023 de 11.24 MdCHF en hausse de 14.5% en monnaies locales (cf. notre commentaire « Reculer pour mieux sauter »), le groupe a publié ce matin un EBIT, en ligne avec les attentes, de 1 549 MCHF (consensus 1 549 MCHF), soit une marge de 13.8% en ligne avec le consensus (13.8%). Hors exceptionnel, la marge serait ressortie à 15.1% pour un EBIT de 1 681...

16/02/2024 1 FR

Underlying

Sika AG

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CH0418792922 Six Swiss Exchange Switzerland

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.

See profile

Analysts

Chaima Ferrandon

Sven Edelfelt

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>Q1 2024 sales in line with forecasts - Q1 2024 sales came in at CHF 2.648bn (+0.2% l-f-l and +13.8% in real terms), in line with the consensus (CHF 2.636bn est.) and 3% ahead of our expectations (CHF 2.567bn). We expected a slightly lower contribution from MBCC at 17.3% vs 19.9% reported. L-f-l growth came in at 0.2% after 0.8% in Q4, +1.3% in Q3 and +0.3% in Q2. The working days effect was negative to the tune of -1.5% in Q1. In the EMEA division, Middle East/A...

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We have tactically downgraded the energy sector from Overweight to Neutral (excl. oil services on which we are maintaining our Overweight rating) and dropped Shell Plc from our Large Caps list. The IEA report has accelerated the downswing for the energy sector, which could continue in the days ahead. June will be a better month to come back to the sector. - ...

17h / 4m 17h / 4m 1 EN

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Sika : Résultats 2023 conformes

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/16/2024

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/04/2024

Sika : Start of the year in line

Ströer SE & Co. KGaA : A new story of refocusing? Outperform vs Neutral

Ströer SE & Co. KGaA : Une nouvelle histoire de recentrage ? Surperformance vs Neutre

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/16/2024

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