Continental : Set for a surprisingly much better Q2 in Automotive
>Risk of a warning averted in the short term - Whereas most investors feared a new warning from the group after its poor start to the year and given the challenging momentum, in the end yesterday evening’s pre-close call brought a surprisingly much more positive message on the automotive business (close to breakeven in H1 despite an operating margin of -4.1% in Q1). While yesterday’s message is unlikely to result in upward revisions, the risks around a drastic reducti...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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