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  "documentTitle": "Vitesco Technologies (VTSC)",
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  "authorName": "David Einhorn",
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      "text": "Chocolate's financials are stable.",
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      "text": "Chocolate's financials are stable. An unexciting revenue profile is offset by moderate improvement in margins due to reduced supply chain issues and raw material costs either moderating or getting passed through to customers.",
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      "text": "FYE Dec 2021 2022 2023E 2024E Revenues (€ M) 6,142 6,443 6,243 5,778 EBITDA - Adjusted (€ M) 795 803 893 897 EBIT - Adjusted (€ M) 354 388 479 476 % Margin 5.8% 6.0% 7.7% 8.2% Free Cash Flow (€ M) 580 476 389 340",
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