Continental released some pre-quarterly numbers for Q1 16. Revenue has increased by 3% to €9.85bn. Excluding the currency effect, the growth rate would have been just above 5%. Otherwise, management is talking about ‘adjusted EBIT’, which was, in margin terms, up from 10.6% to 11.3%. While the former is lower than we had anticipated, the latter seems to be higher. However, we do not have any idea what the difference between ‘adjusted’ and ‘reported’ EB
29 Apr 2016
Currency effect has turned negative
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Currency effect has turned negative
Continental AG (CON:WBO) | 0 0 0.6% | Mkt Cap: 45,981m
- Published:
29 Apr 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Continental released some pre-quarterly numbers for Q1 16. Revenue has increased by 3% to €9.85bn. Excluding the currency effect, the growth rate would have been just above 5%. Otherwise, management is talking about ‘adjusted EBIT’, which was, in margin terms, up from 10.6% to 11.3%. While the former is lower than we had anticipated, the latter seems to be higher. However, we do not have any idea what the difference between ‘adjusted’ and ‘reported’ EB