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(PLX AI) - Continental cut its 2021 outlook as third-quarter revenue came in slightly below estimates.• Q3 revenue EUR 8,041 million vs. estimate EUR 8,080 million• Q3 adjusted EBIT margin 5.2%• Outlook
Investegate announcements from Continental AG, Continental revises outlook for fiscal 2021 and announces preliminary key data for the third quarter of 2021
Continental AG Reports Net Income In Q2 HANOVER (dpa-AFX) - Continental AG (CTTAY.PK) said ongoing shortage of semiconductors severely slowed automotive production in the company's second quarter, as expected. However, the Rubber Technologies group sector reported strong figures, due to the positive performance of the tire business. 'The chip bottleneck and rising raw material prices are set to weigh on the automotive industry throughout 2021,' said Nikolai Setzer, Continental CEO. Second quarter net income was 545 million euros compared to a loss of 741 million euros, previous year. Earnings...
Print HANOVER, Germany — Continental A.G. has extended Christian Koetz's status as executive board member in charge of Conti's tire business and purchasing operations by five years until April 2027. Mr. Koetz was promoted to his current positions on Conti's executive board in March 2019, succeeding Nikolai Setzer, who was named then as the spokesman for the then-newly created "automotive board." Under his leadership, Continental expects the tire business to remain an "important source of value and a guarantor of stability" for the entire group, according to CEO Nikolai Setzer, who noted Mr...
DGAP-Ad-hoc: Continental AG / Key word(s): Preliminary Results/Quarter Results Continental announces preliminary key data for the first quarter of 2021 23-Apr-2021 / 12:20 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The financial results of Continental AG in the first quarter of fiscal 2021 are above current average analyst expectations. Based on preliminary data, key financial results of the first quarter of fisc...