SGRE is due to report its Q4 results on 5 November. We look for FY19 revenues of €10.3bn and an adjusted EBIT margin of 7.4%. Therefore, our estimates are within the outlook provided by the company, though it remains at the lower end. We believe the focus will be mainly on the next guidance for 2020, and especially in terms of margin. Downside risks related to the peak number of installations next year are still likely.
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Q4 preview: the focus will be on margins and 2020 guidance
- Published:
18 Oct 2019 -
Author:
Luis Pereira -
Pages:
3
SGRE is due to report its Q4 results on 5 November. We look for FY19 revenues of €10.3bn and an adjusted EBIT margin of 7.4%. Therefore, our estimates are within the outlook provided by the company, though it remains at the lower end. We believe the focus will be mainly on the next guidance for 2020, and especially in terms of margin. Downside risks related to the peak number of installations next year are still likely.