Continental has released first indications for 2016 and guidance for 2017. Last year’s revenue amounted to €40.5bn and the adjusted EBIT margin was around 10.7%. As last year’s accounts were burdened with additional costs (e.g. cartel fines) of some €500m, the stated margin was in the vicinity of 9.5%. The numbers are in line with our projected revenue of €40.46bn and a stated EBIT margin of 9.5%. Management sees revenue rising by 6% to €43bn in 2017 and the ad
09 Jan 2017
Management’s guidance with no surprises
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Management’s guidance with no surprises
Continental AG (CON:WBO) | 0 0 0.6% | Mkt Cap: 45,981m
- Published:
09 Jan 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
Continental has released first indications for 2016 and guidance for 2017. Last year’s revenue amounted to €40.5bn and the adjusted EBIT margin was around 10.7%. As last year’s accounts were burdened with additional costs (e.g. cartel fines) of some €500m, the stated margin was in the vicinity of 9.5%. The numbers are in line with our projected revenue of €40.46bn and a stated EBIT margin of 9.5%. Management sees revenue rising by 6% to €43bn in 2017 and the ad