Continental (CON GY) prelim. FY25 based on Q4 results (EUR): Sales 19.7bln (guided 19.5-21bln), adj. EBIT margin 13.6% (guided 12.5-14%), ContiTech sales c. 6bln (guided 6-6.5bln), ContiTech adj. EBIT margin c. 4.9% (guided 6-7%)
Continental's preliminary FY25 results indicate mixed performance, with sales narrowly beating guidance but the adjusted EBIT margin falling short.
US envoy Witkoff says he does not have the sense from Iran just yet that they want to solve things in a diplomatic way, can have the conversation with them and come to a diplomatic solution when they are willing/if they want to
Germany sells EUR 0.776bln vs exp. EUR 1.0bln 2.90% 2056 & EUR 0.786bln vs exp. EUR 1.0bln 2.60% 2041
Continental (CON GY) prelim. FY25 based on Q4 results (EUR): Sales 19.7bln (guided 19.5-21bln), adj. EBIT margin 13.6% (guided 12.5-14%), ContiTech sales c. 6bln (guided 6-6.5bln), ContiTech adj. EBIT margin c. 4.9% (guided 6-7%)
Meta's (META) CTO says the Co.'s superintelligence labs team, delivered first high profile AI models this month, showing lots of promise
US special envoy Witkoff reports significance progress on Ukraine and Russia in recent weeks
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- ContiTech: "The lower-than-expected earnings are mainly due to the lack of market recovery in the past quarter, transformation expenses, currency and valuation effects, and the deferral of certain earnings-safeguarding measures to subsequent quarters."
The disappointing EBIT margin for ContiTech suggests ongoing challenges, including transformation costs and currency impacts, which could raise concerns about the recovery trajectory in the sector. Traders should watch for potential adjustments in market sentiment towards automakers and parts suppliers based on these results.
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