Stellantis : Goodwill now exhausted, H2 key to reversing the trend
>Weaker-than-expected H1 results lead to further downward revisions - Stellantis yesterday reported H1 2024 earnings (link to note) that were even weaker than expected (EBIT 6% below expectations, negative FCF of € 0.4bn vs positive € 1.8bn expected), and which demonstrate the scale of the task facing management in turning around the situation in the coming quarters. In view of this, we are once again revising down our estimates, and are now at the low end of the full...
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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