SAF-HOLLAND SE : Q2 2024 results broadly in line and reiterating its FY 2024 guidance
>A robust Q2 2024 performance in a challenging market environment - SAF-Holland’s Q2 2024 reported group sales are -9% y-o-y to € 507m (-1% vs ODDO BHF; +1% vs cons.) with an organic growth rate of -10.8% y-o-y. Q2 2024 group adj. EBIT is +7% y-o-y to € 54m (-2% vs ODDO BHF; +1% vs cons.) with an adj. EBIT margin of 10.7%. The y-o-y sales decline is across all regions, but the Americas (-14% y-o-y) are showing the largest decline, followed by APAC (-7% y-o-y) and EME...
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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