SAF-HOLLAND SE : Q3 2024 below expectations and downward adjustment to the FY 2024 top-line guidance
>Q3 2024 performance suffering from a weak market environment - SAF-Holland released weak Q3 2024 results below expectations. Q3 2024 group sales are -20% y-o-y to € 440m, which is 7-8% below our and the consensus expectations. The company is blaming a continued weakness in its OE business (especially in EMEA and North America), while the Aftermarket segment continues to perform robustly. The group adj. EBIT is -26% y-o-y to € 43m (-7% vs ODDO BHF and css) with an adj...
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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