voestalpine : Q2 2023-24 preview: forecast to show a decline due to HPM and Metal Engineering, the sector mix remains defensive
>Q2 forecast to be in decline with seasonality and weakness in specific segments - voestalpine is due to report its Q2 2023-24 results (to end-September) on 8 November. We forecast EBITDA of € 368m, down 27% on Q1, which puts us 9% below the Visible Alpha consensus (€ 404m). Thanks to its fully contractual sales structure, voestalpine is set to be less impacted than its peers by the ongoing decline in spot steel prices. Price declines are expected to mainly involve qu...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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