Pasubio - Non-Deal Roadshow Options - Model Update

Please find our updated analysis on Pasubio post its Q1 results and non-deal roadshow here.

Pasubio, via Bank of America and Goldman Sachs, are holding a non-deal roadshow in London on Tuesday and Wednesday this week. This has

Tomás Mannion16 June 2026PASUBIO

Pasubio - comment

Pasubio’s P&L came in line with our expectations, while cash flow exceeded our forecasts for many factors. Importantly, the core rationale for

Tomás Mannion4 June 2026PASUBIO

Pasubio - comment

We have repeatedly highlighted a high probability of a near-term downgrade at Pasubio, and Moody’s has now obliged,

Tomás Mannion19 May 2026PASUBIO

Pasubio - Many a slip between Actual and Proforma - Model Update - Positioning

Here is our updated model following Pasubio’s Q4 results, here.

To take a long position, investors are required to make a leap of faith, moving from an investment in a traditional automotive supplier to the new Pasubio. While

Tomás Mannion11 May 2026PASUBIO

Pasubio - comment

Pasubio has released its FY25 Annual Report ahead of its 1:00 pm conference call today. FY25 revenue of €323.5m (-1.7% YoY) came in

Tomás Mannion5 May 2026PASUBIO

Pasubio - comment

Pasubio has acquired Luilor SpA, but with no financial details disclosed. This should be broadly positive as the Company continues to build on

Tomás Mannion17 April 2026PASUBIO

Adler Pelzer, Antolin, Pasubio, Standard Profil - comment

The EU is reportedly considering proposals to ease the planned 2035 ban on combustion engines. The objective is to support European OEMs and

Wolfgang Felix16 December 2025ADLER PELZER, ANTOLIN, PASUBIO, STANDARD PROFIL, AUTOMOTIVE

Pasubio - Not yet - Model Update

Please find our analysis on Pasubio post Q3 numbers here.

Following a successful trade in Pasubio’s bonds earlier this year, we continue to monitor the credit. This month’s results were

Tomás Mannion12 December 2025PASUBIO

Pasubio - comment

Pausubio are holding its Q3 conference call at 11 UK time, but initial reaction to numbers are broadly in line with our

Tomás Mannion2 December 2025PASUBIO

Pasubio Client Call and Presentation are now available on the website

Pasubio Client Call is now available on Pasubio’s page.

Martha Felix1 October 2025PASUBIO

Pasubio - Movement - Positioning

Please find our analysis from earlier this week here.

The bond movement today has prompted us to re-examine the situation and ultimately cover our short position in

Tomás Mannion25 September 2025PASUBIO

Pasubio - Seeking diversification - Initiation | Positioning

Please find our initiation on Pasubio here.

Pasubio’s recent trading levels have prompted us to take a closer assessment of the company. As PAI seeks to shift its strategic focus away

Tomás Mannion23 September 2025PASUBIO

Pasubio - comment

The repercussions of the recent cyber attack on Jaguar Land Rover continue to persist. Production at JLR has been suspended for the past

Tomás Mannion16 September 2025PASUBIO