Vitesco : Commercial momentum intact but 2023 outlook nonetheless disappointing
>2022 earnings in line with prelims but 2023 outlook below expectations - Although Vitesco’s 2022 earnings release yesterday was fully in line with the preliminary results published one month previously (see flash published yesterday), the 2023 targets were disappointing as they were below expectations (-5% at the midpoint of the EBIT range). This was despite an assumption of growth in light vehicle production that was a shade more optimistic than expected (+3/+5% IHS...
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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