ElringKlinger AG : Q3 2020e preview: we expect automotive OE back at EBIT breakeven
>We expect automotive OE to return to EBIT breakeven in Q3 2020e - ElringKlinger is to report its Q3 2020 results on 10 November. We expect Q3 2020e group sales of € 403m (-4% y-o-y organic) to reflect i/ the stabilisation in Q3 2020e trends for global LV production (IHS September est. -5% y-o-y) with China seeing some growth (IHS est.: +9% y-o-y), growth was relatively flat in North America on a y-o-y basis (IHS est. +0% y-o-y) and Europe is still lagging (IHS est.: ...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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