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Thyssenkrupp Elevator : TK Elevator won’t escape industry turmoil
The operating performance at TK Elevator was fairly resilient so far but the next results (to be announced on 26 August) will likely mark an inflection point, as evidenced by the recent weak publications of peers Kone, Otis and Schindler. The execution of the cost savings programme will be insufficient this time to offset the lockdown in China plus the inflation peak, suggesting a double-digit decline in EBITDA and a slight re-leveraging to an already high level. We move our reco...
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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.
Joan Sehim
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