Vitesco : 2022 in line with prelims but 2023 outlook below expectations
>Focus of today’s release was the outlook… …which implies ~5% cuts at EBIT level - A couple of weeks after the release of preliminary figures, Vitesco this morning published final 2022 figures and, more importantly, its 2023 guidance which undershot expectations and suggest mid-single digit cuts at EBIT level. Conference call at 1.00 p.m. CET.Guidance likely to disappoint and weigh on shares this morning - Overall, the guidance seems a little light at...
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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