Plastic Omnium announced strong earnings and guidance. The management team sound increasingly bullish on hydrogen. They indicate important new projects in Europe (construction of the largest hydrogen vessels factory in Europe) but also in the US (Ford) and Asia (Hyundai).

Fresenius confirmed the deconsolidation of Fresenius Medical Care. The management indicate the company will be leaner, less leveraged and entirely focused on med tech (Kabi) and hospitals (Helios).

Accor came with results above consensus citing very strong December 2022 traffic numbers back to pre-covid level. Amadeus results (flight ticket bookings) are a good barometer for the worldwide travel recovery. US bookings are already above Q4 2019 at 109%, Asia bookings are lagging at 70% of Q4 2019.

Mercadolibre, the Amazon of Latin America announced strong numbers and guidance. Volumes rose 35% yoy and Payments were up 72%. Mercadolibre growth is now profitable and therefore sustainable. Gross Margin rose from 40% in Q4 2021 to 48.6%, and 2022 Free Cash Flow stands at $2.5 Billion.