Management has maintained its full-year guidance for both revenue and operating profits, although revenue of €4.19bn was slightly below consensus projections of €4.27bn and our projection of €4.33bn. It continues to see sales (ex currencies) outperforming car production by between 150bp and 350bp and the EBIT margin to reach at least 7%.
17 Oct 2019
Q3 19 revenue only slightly below expectations and guidance unchanged
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Q3 19 revenue only slightly below expectations and guidance unchanged
Forvia SE (FRVIA:PAR) | 0 0 (-1.4%) | Mkt Cap: 9,624m
- Published:
17 Oct 2019 -
Author:
Hans-Peter Wodniok -
Pages:
3
Management has maintained its full-year guidance for both revenue and operating profits, although revenue of €4.19bn was slightly below consensus projections of €4.27bn and our projection of €4.33bn. It continues to see sales (ex currencies) outperforming car production by between 150bp and 350bp and the EBIT margin to reach at least 7%.