Oddo BHF - Schaeffler AG (SHA) Schaeffler AG : Strong set of Q1 2021 figures; new TP at €10.00 (vs. €9.50). Outperform rating maintained

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Oddo BHF

Harald Eggeling

Schaeffler AG : Strong set of Q1 2021 figures; new TP at €10.00 (vs. €9.50). Outperform rating maintained

>Strong set of Q1 2021 figures driven by Automotive Tech. & Industrial - Yesterday, Schaeffler reported a strong set of prelim. Q1 2021 figures on the back of a pronounced recovery of Automotive Technologies segment amid a global LV production environment heading for double-digit y-o-y growth in Q1 2021 (IHS est. +11% y-o-y) and upbeat industrial earnings. Prelim. Q1 group sales came in at €3,560m (+11% y-o-y organic) in line with our estimate (€3,574m). The y-o-y top...

20/04/2021 5 EN

Underlying

Schaeffler AG

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DE000SHA0159 Germany

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.

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Analysts

Harald Eggeling

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Schaeffler AG : Strong set of Q1 2021 figures; new TP at €10.00 (vs. €9.50). Outperform rating maintained

EQS-News: Künstliche Intelligenz: Schaeffler und Siemens vertiefen Zusammenarbeit

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Mahle : Issuance Focus

Mahle : Focus Emission

WAGA ENERGY : Transforming biogas into grid-compatible biomethane: a solution that is already proving its worth

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