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Continental: returns to profit in Q2
(CercleFinance.com) - Continental reports Q2 net income of E209m, compared with a loss of E251m a year earlier, with its adjusted EBIT margin improving by 0.
5 point to 4.8% on sales that rose 10.4% to E10.4bn. Despite difficult market conditions, the company says that its tyre business once again ended the quarter with good results, management said. Meanwhile, ContiTech's performance remained solid, although automotive results were below expectations, it added. Due to the decline in tire replacement markets, Continental is reducing its 2023 sales forecast for the tyre sector to around E14-15bn, as well as its overall sales forecast, which it now forecasts at around E41.5-44.5bn. Copyright (c) 2023 CercleFinance.com. All rights reserved. |
23/05/2025 17:40
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