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CON Continental AG News Story

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Brief: Continental Says Q3 Sales At 4.95 Billion Euros

Nov 6 (Reuters) - CONTINENTAL AG CONG.DE:

Q3 GROUP SALES AT 4.950 BILLION EUR VERSUS 4.924 BILLION EUR FORECAST IN COMPANY-COMPILED CONSENSUS

Q3 TYRES DIVISION SALES OF 3.5 BILLION EUR (Q3 2024: 3.5 BILLION EUR)

Q3 GROUP ADJUSTED EBIT 565 MILLION EUR VERSUS EXPECTED 468.5 MILLION EUR

NET INCOME OF MINUS 756 MILLION EUR (Q3 2024: 486 MILLION EUR)

NON-CASH SPECIAL EFFECTS FROM THE AUMOVIO SPIN-OFF AND THE PLANNED OESL SALE HAD A NEGATIVE IMPACT OF 1.1 BILLION EUR ON EBIT

CONTITECH PLANS TO INVEST MORE THAN $85 MILLION IN ITS MOUNT PLEASANT LOCATION IN IOWA, USA

IN LAST QUARTER WE ARE AIMING FOR FURTHER IMPROVEMENTS IN CASH FLOW AND AT CONTITECH - CFO

Q3 BASIC EARNINGS PER SHARE AT MINUS 3.78 EURO PER SHARE (Q3 2024: 2.43 EURO PER SHARE)

Further company coverage: CONG.DE

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))

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