Key points from AGM:
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Export revenues are split approx. 70:30 in USD : Euro. Forex revenues have indexation benefits with a 6 month lag, so even if the foreign currency depreciates there is a partial safeguard with a lag
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Margins are expected to remain in the 20-21% range unless unforeseen circumstances re-appear again post this FY. Expecting FY21 margins of 25% is unrealistic as that year had prototype revenues which are not recurring. Bullish on revenue growth going forward.
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Repeats Q4 guidance that European OEMs have customers worldwide and thus Europe specific risk is not as high as it might appear at first glance. Although no specific % was mentioned as Europe dependent revenues. I would personally like to know that number.
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