Stellantis : A still solid and underestimated profile
>Solid Q1 sales 3% above forecasts, inventory levels back to normal - Stellantis has reported Q1 2023 sales of € 47.2bn, up 14% on a reported basis (+13% organically) and 3% above forecasts, driven by volume growth (sales of 1.48m units, up 7% y-o-y) in a context of improving supply/logistics chains and a still robust price effect. Management’s message was also relatively positive (still solid order backlog, strict management of volumes and prices, leverage on costs, ...
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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