Q1 20 numbers were heavily impacted by production slowdowns, mainly in China. Production seems to be a persistent issue that will affect the Q2 results as COVID-19 fully reflects its impact in Europe and North America. Despite the above expectations, results in Q1, the adjusted EBIT experienced a huge contraction, falling by 47% yoy, and paving the way to a tough FY20.
13 May 2020
Production ramp-up is the name of the game
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Production ramp-up is the name of the game
Continental AG (CON:WBO) | 0 0 0.6% | Mkt Cap: 45,981m
- Published:
13 May 2020 -
Author:
David Chaucayanqui -
Pages:
3
Q1 20 numbers were heavily impacted by production slowdowns, mainly in China. Production seems to be a persistent issue that will affect the Q2 results as COVID-19 fully reflects its impact in Europe and North America. Despite the above expectations, results in Q1, the adjusted EBIT experienced a huge contraction, falling by 47% yoy, and paving the way to a tough FY20.