LEONI AG : Expecting weak Q2 2018e results
>We are 4% below consensus for Q2 2018e - We believe Leoni’s Q2 2018e figures, due on 15 August, will come in weaker than we had previously expected. June may have been quite weak consider sales of key customers (e.g. PSA sales down 6% yoy, Mercedes-Benz sales down 6% yoy ex China). While we see no top-line issue per se, low operating leverage in WSD and high costs in WCS likely burdened group EBIT. We expect group sales to come in at € 1.34bn (+8% yoy) due to reduced...Leoni AG acts as the holding company, engaged in providing wires, optical fibers, cables and cable systems as well as related services for applications in the automotive sector and other industries. Co.'s business comprised of two divisions: Wire & Cable Solutions (WCS), which develops, produces and assembles wires and strands, optical fibers, standard and special cables, hybrid and optical cables as well as complete cable systems for a variety of industrial applications; Wiring Systems Division (WSD), which develops, produces and sells cable harnesses, complete wiring systems as well as related components for the global car, commercial vehicle and supply industry.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.