Continental: Stifel still a buyer
(CercleFinance.com) - Stifel reiterates its buy rating on the share, with an unchanged target price of E85 (cp: E63, -9.
3%), after its announcement of Q4 and FY 2024 results.
The analyst believes that the automotive margin for Q4 2024 was lower than expected, due to lower volumes and the automotive margin of 2.3% for FY 2024 is lower than the forecast range of 2.5%-3.5%.
Continental's forecast for FY 2025 group adjusted EBIT implies about an 8% decline from the current Visible Alpha (VA) consensus (midpoint), with a weak revenue and margin outlook, the broker says.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
3%), after its announcement of Q4 and FY 2024 results.
The analyst believes that the automotive margin for Q4 2024 was lower than expected, due to lower volumes and the automotive margin of 2.3% for FY 2024 is lower than the forecast range of 2.5%-3.5%.
Continental's forecast for FY 2025 group adjusted EBIT implies about an 8% decline from the current Visible Alpha (VA) consensus (midpoint), with a weak revenue and margin outlook, the broker says.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.