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SAF-HOLLAND SA : Q1 2019e preview: Adj. EBIT margin to improve yoy thanks to Americas

>We expect the Q1 2019e adj. EBIT margin to improve yoy - SAF-Holland will report its Q1 2019 results on 09 May. We expect group sales to come in at € 334m (+13% yoy, organic +2% yoy) on the back of i/ pronounced FX tailwind from the EUR/USD, ii/ acquisition-related sales contributions in EMEA and APAC/China, and iii/ slight yoy organic growth in all regions. We view this as a positive sign for EMEA given that transport consulting group CLEAR International forecasts E...
Underlying
SAF-HOLLAND SE

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.

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Oddo BHF
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.

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