Report
Schaeffler AG : Positive triggers likely to materialise in H2 2018
>Q1 2018: Muted Auto OE sales growth, Industrial performs strongly - Schaeffler reported Q1 2018 group sales of € 3,551m (-0.6% yoy, +3.9% organically) and group EBIT of € 391m (11.0% margin). While organic group sales growth was 50bp weaker than we expected, the group EBIT margin beat our expectation by 30bp. The main reason for the shortfall of organic group sales growth was Auto OE sales, which grew only 3.2% yoy organically. The group EBIT margin of 11.0% was a po...
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.
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