Continental : Still not much to get excited about at this point
>Weaker Q4 excl. FCF, no major consensus revisions to expect from 2024 outlook - Continental’s Q4 23 earnings released this morning came in below expectations at the EBIT level (-6%, mainly due to Autos) but surprised positively on FCF. While the Autos performance is likely to disappoint, this might be offset by the 2024 outlook which is 5% below at the group level (mid-range) but broadly in line divisionally and reassuring for Autos (margin at 3.0-4.0% vs consensus a...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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