Oddo BHF - Stellantis N.V. (STLA) Stellantis : Un reset nécessaire…. …mais déjà intégré ?

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Oddo BHF

Anthony Dick ...

Michael Foundoukidis

Stellantis : Un reset nécessaire…. …mais déjà intégré ?

>Baisse de nos estimations : plus prudents sur 2024 mais en ligne sur 2025 - En amont de la publication des résultats semestriels (25/07), nous ajustons en baisse nos estimations (-11% sur 2024/2025) afin de refléter notre vision désormais plus prudente, à la fois sur le constructeur à court terme (stocks, parts de marché) mais aussi plus généralement sur l’environnement (consommation Europe/Etats-Unis). Pour autant, nous restons en ligne avec les objectifs annuels (...

08/07/2024 1 FR

Underlying

Stellantis N.V.

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NL00150001Q9 United Kingdom

Provider

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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Analysts

Anthony Dick

Michael Foundoukidis

Other Reports on these Companies

GlobeNewsWire

Completion of the Third and last Tranche of Stellantis 2024 Share Buyback Program and Weekly Report (September 27- October 2 2024)

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October 3, 2024 October 3, 2024 1 EN

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Leapmotor International Opens Orders in Europe for Affordable, High-Tech T03 City Car and C10 SUV Electric Vehicles

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September 30, 2024 September 30, 2024 1 EN

Oddo BHF

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/30/2024

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September 30, 2024 September 30, 2024 1 EN

Verallia : The bottle is half empty...or half full... – New target price of € 34 (vs € 40)

>Still recovering - As we mentioned at end-July following a road show with management, the weakness in volumes is due to lower demand (see comments from beverages and spirits companies, etc.) and also a destocking phenomenon after the post-Covid upturn. The improvement in stocks in the chain is difficult to gauge. Following a company contact, we understand that the improvement is gradual. The destocking trend is gradually diminishing. Volumes should gradually return t...

October 4, 2024 October 4, 2024 1 EN

Jean-François Granjon

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Verallia : La bouteille à moitié vide… ou à moitié pleine… – Nouvel OC de 34 € (vs 40 €)

>Toujours en convalescence - Comme nous le mentionnons fin juillet au terme d’un Road-Show avec le management, la faiblesse des volumes est imputable à une moindre demande (cf. les commentaires des sociétés de boissons et spiritueux…) et également à un phénomène de déstockage après l’embellie connue post-covid. L’appréciation des stocks dans la chaine est difficile à appréhender. Suite à un contact avec la société, nous comprenons que l’amélioration est progressive. L...

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Bruno Cavalier

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What to make of the US industrial sector?

Industry is generally considered leading the rest of the economy. Even though it accounts for only a small share of total output, it is highly responsive to shocks to global trade and commodity prices. This has rapid repercussions on the capital and inventory spending that drives fluctuations in the business cycle. For a long time, it has been enough to monitor industry in order to determine where the rest of the economy is heading. The recent industrial signals are poor, and the...

October 4, 2024 October 4, 2024 1 EN

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Stellantis : Un reset nécessaire…. …mais déjà intégré ?

Completion of the Third and last Tranche of Stellantis 2024 Share Buyback Program and Weekly Report (September 27- October 2 2024)

Leapmotor International Opens Orders in Europe for Affordable, High-Tech T03 City Car and C10 SUV Electric Vehicles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/30/2024

Verallia : The bottle is half empty...or half full... – New target price of € 34 (vs € 40)

Verallia : La bouteille à moitié vide… ou à moitié pleine… – Nouvel OC de 34 € (vs 40 €)

What to make of the US industrial sector?

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