Management had given a profit warning in late August, but the 9M numbers suggest that they were better than consensus estimates. Revenue was up by 1.4% to €33.2bn, whereas EBIT and net earnings fell by 10% to €2.99bn and 1.7% to €2.19bn, respectively. While revenue was marginally up in Q3, the two profit numbers fell by around 15%. However, the last quarter’s profit numbers included a revaluation gain of €173m (see comment below). Cash from operations (based on manag
08 Nov 2018
9M profit numbers (including one-offs) not as low as previously suggested
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9M profit numbers (including one-offs) not as low as previously suggested
Continental AG (CON:WBO) | 0 0 0.6% | Mkt Cap: 45,981m
- Published:
08 Nov 2018 -
Author:
Hans-Peter Wodniok - Pages:
Management had given a profit warning in late August, but the 9M numbers suggest that they were better than consensus estimates. Revenue was up by 1.4% to €33.2bn, whereas EBIT and net earnings fell by 10% to €2.99bn and 1.7% to €2.19bn, respectively. While revenue was marginally up in Q3, the two profit numbers fell by around 15%. However, the last quarter’s profit numbers included a revaluation gain of €173m (see comment below). Cash from operations (based on manag