Sika : Year-end slightly below expectations
>Q4 sales fall 6% short of the consensus - Q4 2022 sales came to CHF 2,492m (+11.0% l-f-l and +4.3% reported), 6% below the consensus (€ 2,632m est.) and our estimates (€ 2,645m est.). L-f-l growth slowed to 11% in Q4 after 14.2% in Q3 and 13.8% in Q2. Compared with Q3, Q4 trends showed a slowdown in the Asia division and especially in the global division.Growth in local currencies in Europe came to 8.3% after 5.9% in Q3 and 8.7% in Q2 (we expected 9%e in Q4). In...
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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