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Global tire manufacturer
continental.comLast updated
In short: Continental advanced its pure-tire restructuring and reported strong second-quarter operating results.
The presentation outlines the strategy with the pillars Lead, Transform and Deliver; Automotive unites four business areas and is to unlock cost and balance sheet potential as an independent company.
CEO Christian Kötz and CFO Roland Welzbacher present results via press release and analyst conference call.
The company leverages over 150 years of innovation to focus exclusively on tires, highlighting recycled material breakthroughs.
The company will focus on its tires business after divesting both units, targeting an adjusted EBIT margin of around 12.5 percent on a pro-forma basis.
A jury has awarded roughly $897 million to a family of a child severely injured when a high-speed...
Continental is shortly before an unusual point in its corporate history: The broadly positioned auto supplier will become a focused tire manufacturer. Following the spin-off of Aumovio...
Continental has recently presented good figures. Experts are watching the development around ContiTech and a CMD.
Continental is preparing for a swing in raw material costs in the second half of the year as a result of the Iran war. Market expectations, after a strong second quarter in the tire segment...
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