Continental's 2016 Results Hit by Confluence of Negative Events; EUR 140 FVE Unchanged
We calculate that narrow-moat-rated Continental’s full-year 2016 EPS before special items, but including higher-than-normal warranty costs, were EUR 14.46, down EUR 0.39 from EUR 14.85 last year. At EUR 41 billion, consolidated revenue was 3% higher than the prior year, but the increase was negatively affected by 2 percentage points from currency translation.Management had already warned the market about several unrelated events that included warranty issues, litigation costs, and constrained m...
Continental is an automotive industry supplier. Co.'s automotive divisions comprised of: Chassis & Safety, which develops and produces systems that provide safety and enhanced vehicle dynamics; Powertrain, which develops solutions for gasoline and diesel engines, as well as hybrid and electrical drive systems; and Interior, which provides solutions for information management within vehicles and networking between vehicles. Co.'s rubber divisions comprised of: Tires, which provides tires for passenger cars through trucks, buses and construction site vehicles to special vehicles, motorcycles and bicycles; and ContiTech, which develops products made from rubber and plastic.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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