Continental : Auto segment still under pressure at the start of the year
>Q1 confirms difficulties for auto segment - Yesterday’s release of Continental’s detailed Q1 2019 results confirmed that the auto division had a tough start to the year and that the relative nice surprise from the preliminary figures (26 April) came mostly from the tyre business and exceptionals. Moreover, the negative FCF of € 579m, despite a positive impact of € 76m relating to IFRS16, also missed our expectations due to a very negative WCR impact (€ 1.2bn) in the...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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