voestalpine : On track for a decent Q4 despite one-offs; still unfavourable European backdrop despite repositioning efforts
>On track for a robust Q4 despite high one-offs - voestalpine is due to publish its Q4 2023-24 results on 5 June (closing 31 March). Despite a sluggish European backdrop, we think the quarter should post robust activity driven by favourable seasonality and resilient end-markets (energy, rail systems and, to a lesser extent, automotive). We are forecasting EBITDA of € 361m, down 2% on Q4 which puts us 4% below the below the Visible Alpha consensus of.€ 373m. Excluding ...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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