SAF-HOLLAND SA : Q1 2019 adj. group EBIT in line, but restructuring cost uncertainty remains
>Q1 2019 adj. group EBIT in line - SAF-Holland reported Q1 2019 results last week. Group sales of 346m (+17% yoy, +6% yoy organic) clearly exceeded our estimate (€ 334m, +2% yoy organic) and consensus (€ 336m) as the Americas region achieved much higher than expected sales growth in a double-digit yoy growth market environment. Adj. group EBIT came in at € 25m (7.2% margin, +30bp yoy). In absolute terms, this is in line with our expectation (€ 25m, 7.4% margin) and sl...SAF Holland is engaged in inno vation and technology. Co.'s operations can be divided into three segments: Trailer Systems, Powered vehicle Systems and Aftermarket. Through the Trailer Systems segment, Co. produces axle systems, suspension systems, kingpins, and landing legs for the trailer industry. Through the Powered Vehicle Systems, Co. generates its sales primarily with fifth wheels and air suspension systems for manufacturers in the truck industry. The Aftermarket segment covers the replacement parts business in which Co. relies on a worldwide service network, partly in cooperative agreements with truck manufacturers.
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.