Vitesco : Q3 earnings robust but FY outlook unchanged, CEO interview in HB regarding takeover offer
>Q3: lower sales offset by higher profitability and better FCF - Vitesco this morning released Q3 earnings with sales 4% below expectations at € 2.2bn (4% down y-o-y) due to an accelerated ramp-down of some non-core sales and higher FX headwinds (-4%) but adj. EBIT stood broadly in line at € 76m (consensus at € 75m), implying a slightly higher margin (3.5% vs 3.3% expected and compared to 2.0% in Q3 2022). This was achieved thanks to both the lower sales in the diluti...
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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