The Q2 21/22 was pretty strong, obviously supported by steel prices.
The impact on the group’s guidance was significant, even if sector margins remain relatively weak.
The context will become less supportive, but the group still has opportunities to increase its efficiency.
We will upgrade our forecasts for the current year, with a minor impact on the valuation.
12 May 2022
Improving Q2 21/22 results, even if the context will become less supportive
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Improving Q2 21/22 results, even if the context will become less supportive
The Q2 21/22 was pretty strong, obviously supported by steel prices.
The impact on the group’s guidance was significant, even if sector margins remain relatively weak.
The context will become less supportive, but the group still has opportunities to increase its efficiency.
We will upgrade our forecasts for the current year, with a minor impact on the valuation.