Report
Hella GmbH & Co. KGaA : Soft Q3 2019-20e for adj. group EBIT in prospect – Upgrade to Neutral vs Reduce on valuation and positioning for an upturn in demand later this year
>Q3 2019-20 adj. group EBIT set to be down 21% y-o-y, on our estimates - Hella is to report Q3 2019-20 results on 2 April. We estimate Q3 2019-20 group sales of € 1,532m (-5% y-o-y) in a challenging automotive market environment. IHS currently expects global LV production to be down 9% y-o-y for Hella’s Q3 2019-20 which ended 29 February 2020. With regards to adj. group EBIT for Q3 2019-20 we expect a 21% decline to € 91m, reflecting a margin of 5.9% (-130bp y-o-y), 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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