While the results came in line with the preliminary update, the focal point was on the outlook. Management has not changed its tune and repeated its outlook prepared before COVID-19 became a pandemic. In our view, this reflects once again the lack visibility in Fuchs’ markets, now grappling with an already slow automotive sector and a European lockdown.
20 Mar 2020
Q4: low visibility on COVID-19 free outlook
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q4: low visibility on COVID-19 free outlook
While the results came in line with the preliminary update, the focal point was on the outlook. Management has not changed its tune and repeated its outlook prepared before COVID-19 became a pandemic. In our view, this reflects once again the lack visibility in Fuchs’ markets, now grappling with an already slow automotive sector and a European lockdown.