Continental is successfully digging out from underneath a mountain of debt.
Narrow-moat-rated Continental reported third-quarter 2017 earnings per share before special items of EUR 3.98, up EUR 0.55 from EUR 3.43 EPS reported last year and EUR 0.27 better than the consensus EPS of EUR 3.71. At EUR 10.7 billion, consolidated revenue was 7% higher than the prior year, but excluding the impacts of the scope of consolidation and currency translation, year-over-year growth was 8%. Even though profitability was still healthy, higher rubber cost (average third-quarter spot pri...
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