Rheinmetall AG : Q2 2020 preview: defence offers some resilience, new target price of €85. Neutral rating maintained
>Q2 2020e group op. earnings set to be negative as automotive takes toll - Rheinmetall will release its Q3 2020 results on 6 August. We estimate Q2 2020e group sales of € 1,138m (-23% y-o-y), in a context characterized by weak LV production especially in Europe and North America, with some mitigating effects from defence sales growth (+9% y-o-y est.). For Q2 2020e group op. earnings, we estimate -€ 20m, with pronounced op. earnings losses in automotive more than offs...Rheinmetall is a holding company. Through its subsidiaries, Co. operates in two sectors: defence and automotive. Co.'s defence sector is comprised of three divisions: combat systems, engaging in armored tracked vehicles and NBC protection systems; electronic solutions, engaging in air defence systems and soldier systems; and wheeled vehicles, engaging in wheeled logistics vehicles and wheeled tactical vehicles. Co.'s automotive sector is comprised of three division: mechatronics, engaging in cutting emissions and air management systems; hardparts, engaging in pistons and plain bearings and bushes; and motorservice, which includes aftermarket activities for replacement parts business.
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.