Schaeffler AG : The new restructuring programme does not change the game
>A further restructuring programme following COVID-19 - On 9 September, Schaeffler announced a further restructuring programme after various programmes in the last couple of years. The new programme, in our view, should be seen in the light of COVID-19, with a likely slow recovery of global LV production, not returning to pre-crisis levels before 2024e. Moreover, the acceleration of the automotive industry transformation as well as industrial markets, is unlikely to ...
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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