Continental : Still difficult to look ahead
>Earnings and outlook both below expectations - The FY 2021 earnings released by Continental came in a shade below estimates at the operational level and, once again, reflect the group’s difficulties at its different activities (increase in R&D spending in autos but also cost inflation more generally, including in tyres). Surprisingly, the tyre business was indeed responsible for the bulk of the disappointment. These difficulties are also reflected in the 2022 group o...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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