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Hella GmbH & Co. KGaA : Q1 2020-21 adjusted EBIT above consensus as expected. We remain cautious on the magnitude of EBIT margin recovery
>Q1 2020-21 adj. EBIT beats consensus as expected - Yesterday, Hella reported its Q1 2020-21 results. Q1 2020-21 sales came in at € 1,344m (-14% y-o-y, -11% organic y-o-y), 2%-3% below our (€ 1,379m) estimate and the consensus (€ 1,366m). Adjusted group EBIT for Q1 2020-21 came in at € 56m (-49% y-o-y, 4.2% margin, -310bp y-o-y), slightly below our estimate (€ 58m, 4.2% margin), but ahead of the consensus (€ 53m, 3.9% margin). Adjusted group EBIT for Q1 2020-21 was m...
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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