Continival AG: Despite Slow Start, Full-Year Outlook Remains Positive for Continental

• Continental AG reported consolidated sales of €9.8 billion in Q1 2024, a decrease of 5.0% from Q1 2023
• The company's adjusted EBIT was €196 million, down 65.8% from Q1 2023, with an adjusted EBIT margin of 2.0%
• Net income for Q1 2024 was -€53 million, a decrease of 113.9% from Q1 2023
• Adjusted free cash flow was -€1.1 billion, a decrease of 14.4% from Q1 2023
• Despite a weak start to the year, Continental AG confirms its full-year outlook for 2024, expecting improvements in earnings as the year progresses
• The company anticipates consolidated sales for 2024 to be around €41.0 billion to €44.0 billion, with an adjusted EBIT margin of around 6.0 to 7.0 percent.

The price of Continental at the time of the news was 63,63EUR and was down -0,03 % compared with the previous day.
15 minutes after the article was published, the price was 63,61EUR this corresponds to a minus of -0,03 % since publication.
At this time, the index DAX was at 18.422,50PKT (-0,09 %).

Continental

-1,33 %

+2,24 %

-0,70 %

-18,87 %

-6,10 %

-39,50 %

-46,19 %

-56,01 %

+60,73 %

ISIN:DE0005439004WKN:543900

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