Vitesco : A miss in Q3 as inflation hits, but with no major consequences
>10% miss at adj. EBIT level but FY 2022 midpoint target broadly unchanged - Vitesco released this morning Q3 2022 figures below expectations with sales in line at € 2.3bn (+14% organic) but adj. EBIT 10% below at € 48m (2.1% margin) vs consensus at € 53m (2.3% margin), leading to a negative EPS at -€ 0.34 vs consensus at +€ 0.2, as the supplier was more hit by high inflationary effects (materials, energy, transports, etc.). On the financial side and as seen at peers...
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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