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Hella GmbH & Co. KGaA : Q1 2019-20e EBIT above consensus as expected, but valuation remains stretched: Reduce
>Q1 2019-20e adj. group EBIT 2% above consensus as expected - Today, Hella reported Q1 2019-20 group sales of € 1,570m (-5% y-o-y, organic -6% y-o-y) in line with our estimate (€ 1,574m), but a touch short of the consensus (€ 1,585m). Q1 2019-20 adj. group EBIT came in at € 113m (-16% y-o-y, 7.2% margin, -90bp y-o-y) slightly below our estimate (€ 115m, 7.3% margin), but 2% above the consensus (€ 111m, 7.0% margin) as expected due to better Automotive EBIT. Reported g...
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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