Vitesco : 2024 targets below expectations but management tone still positive
>Preliminary figures already known, 2024 targets below expectations - As Vitesco already released preliminary figures last month (low end of the guidance range for sales but above the targets for both the profitability and FCF), the biggest focus of yesterday’s release was therefore largely on the outlook for 2024. The targets announced yesterday were well below expectations (~-15% at the EBIT level; VA consensus also probably only marginally updated recently gi...
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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