Report
Hella GmbH & Co. KGaA : Downgrade to Reduce on a likely pronounced EBIT margin decline in 2019-20e
>We expect full-year 2018-19e adj. EBIT 3% ahead of consensus - We expect Hella to report above-consensus 2018-19e results on 09 August as we believe group sales growth held up in Q4 2018-19e despite a challenging market environment in automotive and also because cost management measures initiated earlier this year should still have supported automotive earnings. For the full year 2018-19e we estimate group sales of € 7,025m (+5% yoy organic) in line with consensus (...
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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