Schaeffler AG : Q3 23 due on 7 November – A relatively solid quarter in a tough environment
>Automotive continues to shine, Industrial suffering from the macro slowdown - Schaeffler is due to report its Q3 2023 figures on 7 November and we expect a relatively solid performance in a tough market environment. We forecast reported group sales down -4% y-o-y at € 4.1bn with a negative FX impact of ~5%, group adj. EBIT down -13% y-o-y at € 311m (adj. EBIT margin 7.7%) and reported EPS up +10% y-o-y at € 0.27. In detail, we expect the two Automotive divisions (Aut...
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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