Report
Hella GmbH & Co. KGaA : Back to reality: we downgrade to Reduce
>New 2019-20 guidance weaker-than-expected, dividend suspended - Last week, Hella issued a new 2019-20 guidance after having withdrawn the initial 2019-20 guidance in March. Following substantial negative impact on global LV production due to the COVID-19 pandemic, Hella is now guiding for 2019-20 group sales of € 5.7-5.8bn and an adjusted group EBIT margin of c.4%. At the mid-point, the new 2019-20 group sales guidance implies a 15% y-o-y organic decline. The new 201...
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.
Harald Eggeling
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