Continental : The warning was expected in Automotive, less so in Rubber
>Warning priced in in Automotive unit, less so in Rubber - Continental announced on Friday a downward revision to its full-year guidance. This warning was largely expected, coming after many recent warnings at peers, and did not result in a negative reaction in the share price, which rose slightly on Friday. This seems to confirm our sentiment that the risks around suppliers are now well priced in. However, while we were not surprised by the warning in automotive, we...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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