Whereas Continental’s 9M revenue number of just above €30bn (+2.8%) was in line with our expected €29.94bn, the profit numbers are clearly lower than what we had anticipated after we included the above profit warning. EBIT fell by 42% to €597m in Q3 and by 10% to €2.89bn while our number was €3.13bn. Net earnings fell by 41% to €378m and 3.2% to just above €2bn, respectively, while our forecast was €2.2bn. At a glance, the profit numbers are also
10 Nov 2016
Tyre margin has started to retreat in Q3
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Tyre margin has started to retreat in Q3
Continental AG (CON:WBO) | 0 0 0.6% | Mkt Cap: 45,981m
- Published:
10 Nov 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Whereas Continental’s 9M revenue number of just above €30bn (+2.8%) was in line with our expected €29.94bn, the profit numbers are clearly lower than what we had anticipated after we included the above profit warning. EBIT fell by 42% to €597m in Q3 and by 10% to €2.89bn while our number was €3.13bn. Net earnings fell by 41% to €378m and 3.2% to just above €2bn, respectively, while our forecast was €2.2bn. At a glance, the profit numbers are also