Schaeffler AG : A good start to the year and confirmation of FY 2024 outlook
>Q1 2024 earnings are ahead of expectations - Schaeffler’s reported Q1 2024 group sales are -2% y-o-y to € 4.09bn, which is a touch below our expectation (ODDO BHF: € 4.11bn) and consensus (€ 4.13bn). Sales in Auto Tech division are +0.8% organically, Vehicle Lifetime Solutions (previously Automotive Aftermarket) sales are +8.6% organically and sales in Bearings& Industrial Solutions are -4.1% y-o-y. By region, sales in Europe are -0.4% organically, +4.2% in the Ameri...
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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