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You are here: Home1 / EBIT

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Tyre business keeping Continental Group profitable

Company News, International News, News
Continental AG

Continental’s nine-month 2020 figures show the tyre and automotive supplier “did remarkably well operationally in the third quarter” despite the “still very volatile market environment”, according to outgoing CEO Dr Elmar Degenhart.

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Related news:

  1. Continental’s tyres and rubber business profitable in Q2, despite corona
  2. Davanti completes Idiada benchmarking tests: video
  3. Michelin returns to the top of online brand ranking
  4. A double win for Conti at TTI Awards
11th November 2020/by Chris

Is Continental’s 4Q EBIT preview a low-level profit warning?

Company News

Shortly after Continental AG pre-released its fourth quarter 2014 results at the North American International Auto Show in Detroit on Monday 12 January 2015, the company also previewed estimated fourth quarter pre-tax profits. The problem is that while the majority of the advance figures were broadly in line with expectations, the pre-tax profit (EBIT) figure wasn’t. So with this in mind it begs the question of whether Continental executives are preparing the market for a lower than expected result when the final figures are published on 5 March 2015.

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Related news:

  1. Schaeffler “on course” to meet 2011 targets
  2. Analysts Predict Michelin to Benefit Most from Market Recovery
  3. Continental May Revive 1.5 Billion Euro Bond Sale Plans
  4. Continental triples share dividend estimates
13th January 2015/by Tyrepress Editors

Continental lifts 2014 EBIT outlook

Company News

After what it says was “a successful start to the new year,” Continental Corporation has raised its adjusted EBIT outlook. “For fiscal 2014 we intend to comfortably achieve an adjusted EBIT margin of 10.5 per cent instead of the originally advised 10.0 per cent,” announced Continental CEO Dr. Elmar Degenhart at last Friday’s Annual Shareholders’ Meeting.

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Related news:

  1. Continental: €44 billion in sales, 10.8% EBIT margin in 2017
  2. Continental discussing ‘need for action’ with employee representatives
  3. Continental withdraws outlook for ‘uncertain’ 2020
  4. Continental CEO Degenhart resigns
28th April 2014/by Tyrepress Editors

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