Report
Schaeffler AG : Q3 2020e likely to reflect a q-o-q improvement, but uncertainty remains on Q4 2020e with cases rising in Europe
>Q3 2020e results likely to reflect a q-o-q improvement - Schaeffler is due to report its Q3 2020 results on 10 November. We expect Q3 2020e group sales to improve sequentially to € 3,403m (-6% y-o-y, -4% organic y-o-y) as global LV production in Q3 2020e is likely to have increased sequentially, mainly in Schaeffler’s key Europe and North America regions as plants at Automotive OEMs are up and running again after shutdowns in Q2 2020 substantially weighed on producti...
Underlying
Schaeffler AG
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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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