Continental : Solid Q1 but the message remains cautious
>Solid preliminary figures but no upgrade to the full-year outlook - Continental's preliminary Q1 2021 earnings, reported in the middle of the day on Friday (final release due on 6 May), came in well ahead of overall expectations for its divisions and on the financial front (FCF), probably in large part thanks to better-than-expected cost and spending control, though this is likely not fully sustainable. In a still challenging and uncertain market environment, the gro...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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