Revenue moderated somewhat in Q3 (+11% to €9.6bn) which brought the ytd number to €29.2bn (+14%). At the same time, EBIT and net profit growth accelerated, as expected. Q3 EBIT reached €1.04bn (+62%) and net earnings came in at €635m. Consequently, the respective 9M numbers were €3.2bn (+31%) and slightly less than €2.1bn (+16%). All of these numbers are very much in line with our projections.
09 Nov 2015
Good 9M 15 numbers, but boosted by at-equity profits
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Good 9M 15 numbers, but boosted by at-equity profits
Continental AG (CON:WBO) | 0 0 0.6% | Mkt Cap: 45,981m
- Published:
09 Nov 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
Revenue moderated somewhat in Q3 (+11% to €9.6bn) which brought the ytd number to €29.2bn (+14%). At the same time, EBIT and net profit growth accelerated, as expected. Q3 EBIT reached €1.04bn (+62%) and net earnings came in at €635m. Consequently, the respective 9M numbers were €3.2bn (+31%) and slightly less than €2.1bn (+16%). All of these numbers are very much in line with our projections.