Viscofan : Q2 broadly in line. Management confident on further margin expansion in H2
>Casing sales, albeit improving sequentially, remain soft - The group’s Q2 operating results were broadly in line with our estimates and the consensus (EBITDA +4% reported, +3%cc vs +3%cc in Q1), with sales evolving somewhat below expectations due to the weak energy contribution, soft demand in APAC and EMEA. APAC and EMEA deteriorated its sales momentum in the quarter while NA and LatAm improved sequentially. At the business unit level, energy was the biggest shock ...Viscofan is the parent company of the Viscofan Group. Co. is divided into two major operational subgroups. The companies comprising the Naturin GmbH subgroup are engaged in the manufacture and distribution of artificial casings (small and big diameter collagen and plastics) for the meat industry. Through its wholly-owned subsidiary IAN, S.A., Co. also manufactures and distributes canned vegetables (asparagus, olives and tomato).
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.