The lack of guidance this quarter is not a surprise as Fuchs already struggled to provide a steady outlook when witnessing the slowdown in the automotive market in 2018-19. At the time of the release, management sees a 30% decline in sales in H1 and a 50% drop in EBIT.
02 May 2020
Q1: sales to decline a third in H1
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Q1: sales to decline a third in H1
The lack of guidance this quarter is not a surprise as Fuchs already struggled to provide a steady outlook when witnessing the slowdown in the automotive market in 2018-19. At the time of the release, management sees a 30% decline in sales in H1 and a 50% drop in EBIT.