Report
Schaeffler AG : Challenging Q1 2020e ahead
>An estimated 35% y-o-y decline in Q1 2020e group EBIT before exceptionals - Schaeffler is to report Q1 2020 results on 6 May. We expect Q1 2020e group sales of € 3,335m (-8% y-o-y, organic -9% y-o-y) in a challenging environment mainly characterised by a marked y-o-y global decline in LV production following the outbreak of Covid-19 in China and with plant closures at key OEMs put in place at end-Q1 2020e in Europe and the US. On the back of a marked y-o-y decline ...
Underlying
Schaeffler AG
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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