Voestalpine : Non-recurrence of negative exceptionals of 2018-19e should be enough
>2018 a year best forgotten - Voestalpine disappointed with two warnings on its Q2 2018-19 and Q3 2018-19 results due to 1/ the impact of the China-US trade war, 2/ disruptions in the automotive supply chain (34% of 2017-18 sales) related to the implementation of the WLTP, 3/ higher-than-expected costs in the US linked to the ramp-up of the Cartersville auto components facility (including provisions for the transfer of activity), 4/ the booking of provisions in Q3 20...voestalpine is engaged in the production, processing, and distribution of materials made of steel and in research and development in the areas of metallurgy, metal processing, and materials technology. Co.'s steel division focuses on the production and processing of flat steel products. Co.'s special steel division is involve in tool steel and high-speed steel. Co.'s metal engineering division is engaged in turnout technology, rails and treated wire, and tubes. Co.'s metal forming division is involve in tube products and precision strip steel as well as pre-finished system components. Co.'s other activities include heavy plate production, a foundry, and a number of downstream processes.
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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