Revenue was up by 16% to €19.6bn whereas EBIT increased by 19% to €2.16bn. Both of these numbers are clearly ahead of our projected €19.2bn and €1.93bn. However, as the group’s tax rate increased from 13% in Q2 14 to 29% in Q2 15, net profit came in at €1.45bn, which is exactly in line with our forecast.
04 Aug 2015
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Continental AG (CON:WBO) | 0 0 0.6% | Mkt Cap: 45,981m
- Published:
04 Aug 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
Revenue was up by 16% to €19.6bn whereas EBIT increased by 19% to €2.16bn. Both of these numbers are clearly ahead of our projected €19.2bn and €1.93bn. However, as the group’s tax rate increased from 13% in Q2 14 to 29% in Q2 15, net profit came in at €1.45bn, which is exactly in line with our forecast.