Continental Further Increases Earnings [Yahoo! Finance]
CONTL AG S/ADR (CTTAY)
NASDAQ:AMEX Investor Relations:
continental-corporation.com/en/investors/overview
Company Research
Source: Yahoo! Finance
Adjusted EBIT margin of 8.9 percent (Q3 2023: 6.3 percent) Net income of 486 million (Q3 2023: million, +62.8 percent) Adjusted free cash flow of 323 million (Q3 2023: 466 million, -30.6 percent) CEO Nikolai Setzer: "We continue to drive Continental's development strategically and operationally, step by step. In this challenging year-end sprint, we aim to improve Automotive's earnings even further" CFO Olaf Schick: "We posted good results for the third quarter. Faced with weak automotive production, we improved earnings in Automotive by reducing costs and adjusting prices" Tires group sector posts good adjusted EBIT margin of 14.5 percent Outlook: Continental confirms outlook for Automotive and Tires and lowers sales and earnings outlook for ContiTech HANOVER, Germany - NewMediaWire ) - November 11, 2024 - Continental increased its earnings in the third quarter of 2024, as expected. In particular, the Automotive group sector made progress thanks to the measures taken to
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