thyssenkrupp : Q2 adj. EBIT above cons, FY 23-24 sales outlook revised downwards (2nd time) & outlook implies H2 23-24 adj. EBIT to increase by ~50% y-o-y = tough
>Q2 23-24 adj. EBIT 28% above consensus, flat adj. EBIT margin in MX and recovery in SE (raw mat cost driven) - Q2 23-24 adj. EBIT decreased by 10% y-o-y to € 184m (last year's Q2 was inflated by € 55m one-off in AT), which is 28% above consensus estimate of € 144m. In Q2 23-24, we have seen flat adj. EBIT margin of 2.2% in MX fuelled by lower freight costs but offset by lower shipments (-9% y-o-y) and prices. Adj. EBIT margin of 2.4% in SE (up 2.8pp y-o-y, cons: 2.6%...ThyssenKrupp is the parent company of the ThyssenKrupp Group. Co. has six business areas: Components Technology, which provides components for the automotive and machinery sectors; Elevator Technology, which supplies passenger and freight elevators, escalators and moving walks, passenger boarding bridges, stair and platform lifts; Industrial Solutions, which comprises the System Engineering and Marine Systems units; Materials Services, which focuses on materials distribution and technical services; Steel Europe, which develops, produces and markets flat carbon steel in the European market; and Steel Americas, which produces, processes and markets steel products in North and South America.
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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