KPIT Had A Solid Q2. Strategic Questions Remain

KPIT Had A Solid Q2. Strategic Questions Remain

Automotive engineering pure-play KPIT continued on its growth momentum in Q2 FY20 (+15.2% yoy), enjoying a satisfactory EBITDA margin of 13.4%. KPIT’s financial performance was, however, a notch below that of Q1 both in terms of revenue growth (Q1: +19.3%) and margin (14.6%).

ÅF Pöyry Suffers from The Economic Conditions in Q3 2019

ÅF Pöyry Suffers from The Economic Conditions in Q3 2019

ÅF Pöyry’s revenue growth (yoy, at CC/CS) continued to decelerate this quarter, declining from +8% in Q1 to +1% in Q3 2019, despite the positive impact of an additional working day (+90 bps on revenue growth during the quarter). The company suffered from the same issues as in Q2: a slowdown in the automotive sector from its largest automotive client, (impacting Industrial & Digital Solutions Division) and delayed decision-making in the Infrastructure Division in Denmark.

Thank You! A Note to Our Readers

Thank You! A Note to Our Readers

The number of readers, like yourself, continues to increase, and this motivates us to keep on commenting about the ER&D service industry. We believe that no other website or analyst firm provides the level of timely details and analysis that ERDservices.org provides