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SAF-HOLLAND SE : Better-than-expected preliminary Q3 2020 adjusted EBIT, but rising uncertainty
>Preliminary Q3 2020 adjusted EBIT better than expected on resilient aftermarket - On 20 October, SAF-Holland released preliminary Q3 2020 results on group level. Preliminary Q3 2020 group sales of € 232m reflect a q-o-q improvement (+20% q-o-q), but a still challenging environment given a 26% y-o-y decline. Preliminary Q3 2020 adjusted group EBIT came in at € 15m (6.4% margin, +100bp y-o-y), beating our estimate (€ 12m, 4.5% margin), mainly on a better-than-expected ...
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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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