(News Bulletin 247) – UBS confirms its advice to buy on the stock with a target of 17.5 E after the figures for the 1st quarter of 2023.
The analyst notes a slight improvement and confirmation of forecasts.
Q1 revenue was up 2% driven by volumes, with price and mix contributing 6% (slightly below UBS’s estimate). There is no change in the forecast for the full year, as expected, ‘says the analyst office.
Consolidated sales amounted to 1,476,000 units, up 7%, mainly thanks to a better supply of semiconductors compared to the first quarter of 2022.
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