Schaeffler AG : Q2 due 4 August – Decent top-line momentum, but margin drag in Auto OE
>We expect mid-single-digit sales growth but a sign. lower adj. EBIT y-o-y - Schaeffler is due to report its Q2 2022 results on 4 August. We expect group sales to increase 6% y-o-y to € 3.67bn with an organic growth of 3.5%. Top-line growth shall be driven by the Industrial division (+15% y-o-y), which continued its pleasing double-digit growth rates while growth momentum in Automotive Aftermarket (+5%) and Automotive Technologies (+3%) shall be lower, due to a fierce...
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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