Management had to release five profit warnings since spring 2018. In spite of that, the final 2019 accounts showed a much higher than expected net loss of €1.23bn. We had expected a net loss of €175m, while the consensus (based on Continental’s own survey) was at €-493m. However, the dividend was only cut from €4.75 paid for 2018 to €4.00, whereas we had expected €3.75.
05 Mar 2020
2019 numbers were horrible, except for the dividend
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2019 numbers were horrible, except for the dividend
Continental AG (CON:WBO) | 0 0 0.6% | Mkt Cap: 45,981m
- Published:
05 Mar 2020 -
Author:
Hans-Peter Wodniok -
Pages:
2
Management had to release five profit warnings since spring 2018. In spite of that, the final 2019 accounts showed a much higher than expected net loss of €1.23bn. We had expected a net loss of €175m, while the consensus (based on Continental’s own survey) was at €-493m. However, the dividend was only cut from €4.75 paid for 2018 to €4.00, whereas we had expected €3.75.