ElringKlinger AG : Q3 2018e EBIT pre PPA margin likely to come in below 6.0%
>We expect the EBIT pre PPA margin for Q3 2018e below 6% - ElringKlinger will report its Q3 2018 results on 06 November. We expect group sales to come in at € 400m (-1% yoy, organic +2% yoy) following a global light vehicle (LV) production decline in Q3 2018 (-2% yoy). We estimate Q3 18e group EBIT pre PPA to come in at € 23m (-34% yoy), implying a 290bp yoy margin setback to 5.7%, attributable in our view to the ongoing high cost base combined with increased volatili...ElringKlinger is a holding company. Co., through its subsidiaries, is engaged in the manufacturing and supply of cylinder-head and specialty gaskets, plastic housing modules, thermal and acoustic shielding parts for engine, transmission and exhaust tract applications, exhaust gas purification systems and components for lithium-ion batteries and fuel cells. Alongside vehicle and engine manufacturers, Co.'s customer base includes numerous automotive suppliers, particularly in the field of turbochargers, exhaust technology and transmission engineering. Co.'s operating business is divided into five segments: Original Equipment, Aftermarket, Engineered Plastics, Services and Industrial Parks.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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