Stabilus SE : Delivering on expectations in a tough environment and confirming FY 23-24 guidance
>Q3 23-24 looks slightly better vs lowered expectations - Stabilus’ Q3 23-24 reported group sales came in +14% y-o-y at € 351m (in line with ODDO BHF; +2% vs cons.) with organic growth of -2.5% and a sales contribution from the consolidation of Destaco of € 49m (ODDO BHF: c. € 50m) in the quarter under review. The weak organic growth performance was driven by the current tough market environment in the Automotive and Commercial Vehicles segments with reduced call-off ...
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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