Report
Schaeffler AG : Q1 2020 EBIT before exceptionals beat expectations; estimates and target price raised
>Broad-based Q1 2020 EBIT before special items beaten - Yesterday, Schaeffler reported Q1 2020 group sales of € 3,282m (-9% y-o-y organic) broadly in line with our estimates (€ 3,335m, -9% y-o-y organic) and consensus forecasts (€ 3,289m, -10% y-o-y organic). Q1 2020 group EBIT before exceptional items of € 215m (6.5% margin, -100bp y-o-y) came in above our estimates (€ 178m, 5.3% margin) and the consensus (€ 176m, 5.3% margin). This outperformance is broad-based, in ...
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
Other Reports on these Companies
Other Reports from Oddo BHF
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.