Report
Michael Foundoukidis

Continental : Des perspectives qui ne plaident pas en faveur d’un rerating à court terme

>Un T3 2019 sans grande surprise après les résultats préliminaires - Le groupe ayant déjà publié des résultats préliminaires lors de l’annonce des charges exceptionnelles de 2.5 Md€ sur 2019, les résultats publiés hier n’ont pas révélé de grande surprise. Nous notons toutefois la faiblesse confirmée des marges dans l’automobile et dans le pneu mais aussi le rebond bienvenu de ContiTech. Les attentes portaient toutefois surtout sur le FCF (343 M€) qui est ressorti en l...
Underlying
CONTINENTAL AKTIENGESELLSCHAFT

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Michael Foundoukidis

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