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Schaeffler AG : 2019 automotive guidance at risk – estimates and TP lowered
>As expected, automotive OE was the focus of last week’s roadshow - We hosted a roadshow last week with Schaeffler in Switzerland. Discussions centred mainly on the automotive OE market environment, which has deteriorated since the beginning of the year. Nevertheless, our impression is that on the back of attractive transmission business in North America, automotive OE organic sales will manage to outperform global light vehicle production (LV) by c.4pp in 2019e. Also...
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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.
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