Continental : Far less surprising release than the strategy u-turn announced two days ago
>Q2 broadly in line, FY cuts in line with consensus & still pointing to better H2 - Continental Q2 earnings published yesterday came in close to 5% above the consensus but broadly in line with our estimates and the message given during the pre-close call. As expected, all divisions posted a robust sequential improvement but the biggest beat came from the tyres unit, as already witnessed at peers earlier this season. Following the first half and assuming a weaker overa...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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