Geberit: Oddo BHF still on hold
(CercleFinance.com) - Oddo BHF is maintaining its 'neutral' rating on Geberit shares, with an unchanged target price of 540 CHF, after the company published Q2 results around 1% below expectations this morning, with EBITDA 0.
8% below expectations.
Geberit forecasts stable sales at constant exchange rates and an EBITDA margin of around 29% for 2024.
Oddo BHF believes that the consensus will have to reduce its 2024 EPS estimates (by around -2%).
Following the decision not to raise prices this year, we will have to keep a close eye on inflation in key cost items (wages, energy, raw materials and components, etc.), the broker points out.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
8% below expectations.
Geberit forecasts stable sales at constant exchange rates and an EBITDA margin of around 29% for 2024.
Oddo BHF believes that the consensus will have to reduce its 2024 EPS estimates (by around -2%).
Following the decision not to raise prices this year, we will have to keep a close eye on inflation in key cost items (wages, energy, raw materials and components, etc.), the broker points out.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.