Revenue growth moderated from +2.9% (to €9.85bn) in Q1 to +1.6% (to €10.2bn) in Q2. EBIT growth also moderated from +6.4% (to €1.04bn) to +5.6% to €1.25bn) whereas net profit growth accelerated from +12% (to €734m) to +14% (to €905m). While the group’s H1 revenue and net profit numbers are somewhat lower than our projected €20.33bn and €1.68bn, the EBIT is slightly higher than our forecast of €2.23bn.
03 Aug 2016
Growth has somewhat leveled off in Q2 16
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Growth has somewhat leveled off in Q2 16
Continental AG (CON:WBO) | 0 0 0.6% | Mkt Cap: 45,981m
- Published:
03 Aug 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Revenue growth moderated from +2.9% (to €9.85bn) in Q1 to +1.6% (to €10.2bn) in Q2. EBIT growth also moderated from +6.4% (to €1.04bn) to +5.6% to €1.25bn) whereas net profit growth accelerated from +12% (to €734m) to +14% (to €905m). While the group’s H1 revenue and net profit numbers are somewhat lower than our projected €20.33bn and €1.68bn, the EBIT is slightly higher than our forecast of €2.23bn.