The very poor share price performance of non-tyre car component producers since the beginning of 2018 is confirmed by Continental’s second profit warning. These companies seem to have come under intensifying price pressure from their clients. Although FX changes are also taking their toll, the projected profit drop is much sharper than the revenue fall.
22 Aug 2018
Management reduces 2018 revenue and EBIT guidance further
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Management reduces 2018 revenue and EBIT guidance further
Continental AG (CON:WBO) | 0 0 0.6% | Mkt Cap: 45,981m
- Published:
22 Aug 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
The very poor share price performance of non-tyre car component producers since the beginning of 2018 is confirmed by Continental’s second profit warning. These companies seem to have come under intensifying price pressure from their clients. Although FX changes are also taking their toll, the projected profit drop is much sharper than the revenue fall.