The group’s revenue increased by 0.9% to €44.4bn, whereas EBIT fell by 12% to just above €4.0bn and net earnings by 2.9% to just below €2.9bn. Our respective projections had been €44.6bn, €3.92bn, and €2.96bn. Instead of our expected unchanged dividend of €4.50, management proposes a payment of €4.75. For the current year, management sees revenue reaching €45-47bn and forecasts an ‘adjusted’ EBIT margin of 8-9% compared to an &lsq
07 Mar 2019
2018 numbers close to our projections
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2018 numbers close to our projections
Continental AG (CON:WBO) | 0 0 0.6% | Mkt Cap: 45,981m
- Published:
07 Mar 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
The group’s revenue increased by 0.9% to €44.4bn, whereas EBIT fell by 12% to just above €4.0bn and net earnings by 2.9% to just below €2.9bn. Our respective projections had been €44.6bn, €3.92bn, and €2.96bn. Instead of our expected unchanged dividend of €4.50, management proposes a payment of €4.75. For the current year, management sees revenue reaching €45-47bn and forecasts an ‘adjusted’ EBIT margin of 8-9% compared to an &lsq