• (PLX AI) – Vitesco Q3 revenue EUR 1.9 billion vs. estimate EUR 1.92 billion.
  • • Q3 adj. EBIT EUR 22.8 million vs. estimate EUR 16 million
  • • Q3 order intake EUR 2.6 billion
  • • Outlook for the full year 2021: Group revenues of EUR 8.2-8.4 billion (2020: EUR 8.0 billion)
  • • Adjusted EBIT margin of approximately 1.5 to 1.7 percent
  • • Free cash flow expected to be between EUR 70-120 million
  • • Vitesco Technologies expects the market environment to remain challenging in the fourth quarter
  • • Persistent semiconductor supply shortages will continue to result in higher material and logistics costs
  • • Missing parts may also lead to short-term demand adjustments and production standstills
  • • Against this backdrop, the global automotive market is unlikely to reach the sales levels of the fourth quarter 2020, the company said

Quelle: PLX AI