Report
Hella GmbH & Co. KGaA : Upbeat preliminary Q2 2020-21 results – we upgrade to Neutral, new target price € 48 (vs € 31)
>Upbeat preliminary Q2 2020-21 results clearly ahead of expectations - On 7 December post-market, Hella released a strong set of Q2 2020-21 figures substantially ahead of expectations. Preliminary Q2 2020-21 group sales of €1.8bn (+4% y-o-y) beat our estimate (€ 1.6bn) on a significantly higher-than-expected tailwind from automotive markets. Preliminary Q2 2020-21 group adjusted EBIT came in at € 212m (12.1% margin, +4pp y-o-y) beat our estimate (of € 109m, 6.7% margi...
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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