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SAF-HOLLAND SE : Preliminary 2020 results ahead of our estimates; we now expect pre-crisis adjusted EBIT to be reached in 2022e (vs 2023e)
>Preliminary 2020 results above our expectations - Yesterday, SAF-Holland reported its preliminary 2020 results. Preliminary 2020 group sales came in at € 960m (-25% y-o-y) ahead of our estimate (€ 919m) following a better-than-expected Q4 2020. Preliminary 2020 adjusted group EBIT was stated to be above guidance (5-6%) and accordingly beat our upper-end guidance estimate (5.7%) on the back of a more pronounced top-line in Q4 2020. As no precise figure was released, ...
Underlying
SAF-HOLLAND SE
Provider
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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