Oddo BHF - SPCM (SNF) : Margins may remain under pressure in 2022

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Oddo BHF

SPCM (SNF) : Margins may remain under pressure in 2022

SNF's sales has recovered significantly in 2021, after the impact of the health crisis in 2020. In 2022, performance should continue to benefit from the sustained recovery of the Oil & Gas business. Nevertheless, margins should remain under pressure due to the rebound in commodity prices (strong demand and now the Ukraine/Russia conflict) and a challenging economic environment (cost inflation, logistical disruptions). Price increases made by the group should partly compensate for...

30/03/2022 1 EN

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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.

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SPCM (SNF) : Margins may remain under pressure in 2022

Carlsberg : A beer with a twist - Coverage initiated at Outperform and DKK 985 TP

Lufthansa : Improvement in profitability expected but CMD targets seem optimistic

Lufthansa : Improvement in profitability expected but CMD targets seem optimistic

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