Viscofan : Q3 preview: destocking and FX likely to act as a drag on the results
>Destocking phenomenon lasts longer than anticipated - The company is due to publish its Q3 2023 results on 30 October before the market opens. We expect total sales to grow 1% y-o-y to € 309m (vs +5% in Q2 and +17% in Q1) showing some momentum deterioration as the destocking phenomenon seen in Q2 lasts longer than anticipated not to mention the softer energy revenues and the FX that faces a hard comp. At the EBITDA level, we expect a modest decline of -1% to € 67m, a...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.