Continental (CON GY) say tariffs expected to result in a low double-digit million EUR net burden in Q4 and gross tariff impact for H2 seen in the high-double-digit million EUR range
Newsquawk Staff ·
Continental (CON GY) say tariffs expected to result in a low double-digit million EUR net burden in Q4 and gross tariff impact for H2 seen in the high-double-digit million EUR range.
What it means
Continental AG's announcement regarding the expected impact of tariffs reveals a significant financial burden, projecting a low double-digit million EUR net charge for the fourth quarter. This is critical as it not only adds to the operational costs but also signals potential supply chain disruptions that could affect their pricing strategies and competitiveness in the automotive sector, particularly with ongoing shifts in trade dynamics between the U.S. and Europe.
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