Continental : Reality check
>2020 guidance well below expectations - While Continental yesterday reported 2019 earnings in line with expectations, 2020 outlook was a big disappointment, factoring in for the first time the effects of the coronavirus known so far, unlike the vast majority of peers that have already reported their figures. With 2020 production now expected to be down by 2-5%, the group’s targets proved to be much lower than expected and are likely to result in downward revisions of...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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