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Hella GmbH & Co. KGaA : Above-consensus Q3 2018-19e ahead, TP raised to €45 (prev. €42)
>We expect adj. Q3 2018-19e group EBIT to exceed consensus - Hella will report its Q3 2018-19 results on 11 April. We expect Q3 2018-19e group sales at € 1,604m (-4% yoy, +2% organic yoy) in a challenging automotive environment (global LV production -6.1% yoy for Hella’s Dec-Feb quarter) with some FX tailwind (we est. a +1% yoy impact on group sales), predominantly from the EUR/USD. For adj. group EBIT (incl. at-equity results) we estimate Q3 2018-19e at € 115m (+5% y...
Underlying
HELLA GmbH & Co. KGaA
Provider
Oddo BHF
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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