Report
thyssenkrupp nucera : Strong pipeline bears surprise potential & proven execution capabilities, new target price of € 25 (due to lower peer multiples). Outperform
>Q1 review – Outperforming cons. estimates across all KPIs, FY outlook confirmed - thyssenkrupp nucera reported a Q1 2023-24 order intake increase of 9% y-o-y to € 176m, primarily driven by ~€ 100m order intake recognition from H2 Green Steel project (~60% of total volume is remaining). Group order backlog remains at a level of € 1.3bn (o/w ~€ 900m from AWE). Top-line growth trajectory continued with 35% y-o-y sales increase to € 208m in Q1 2023-24, fuelled by a highe...
Underlying
THYSSENKRUPP NUCERA AG & CO.
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.
Fabian Semon
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