Hella


Good 2018/19 numbers plus special dividend but cautious outlook

09/08/19 -"Like other car component producers, Hella also experienced a profit margin decline but, excluding the gain from the disposal of a sizeable share in its Aftermarket business, the consolidated margin ..."

Pages
47
Language
English
Published on
09/08/19
You may also be interested by these reports :
20/10/19
The Chinese car market continues to be in the doldrums and, up to now, we do not see any signs of the slump getting closer to ending.

17/10/19
Autos, a €300bn sector, has been on a slide over the last two years (or the last five years…) but the sector has been increasingly volatile as ...

17/10/19
After the release of the 9M19 revenue numbers, we have only marginally amended our projections. On the one hand, we have lowered our sales forecasts ...

15/10/19
Renault’s company debt spread has increased from 130bp in July this year to 160bp in October. This has taken its toll on our DCF result.

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking NO
Trading in corporate shares NO
Analyst ownership NO
Advising of corporate (strategy, marketing, debt, etc) NO
Research paid for by corporate NO
Provision of corporate access paid for by corporate NO
Link between and a banking entity NO
Brokerage activity at AlphaValue NO