Viscofan : Soft Q4 results offset by an upbeat FY 24 earnings guidance and lower capex requirements
>Softer-than-expected sales momentum but margins keep the face - In FY 2023, the estimated volume size of the global casings market has shown a decrease at about 4% which is the largest decline in 24 years and was caused by weak consumption in an environment of slower economic growth (specially in Ems) and by the process of inventory adjustments in the sector. Despite this environment Viscofan has been able to deliver new high watermarks in terms of sales, EBITDA and...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.