Continental AG expects 'high double-digit million euro' tariff hit in second half

Continental AG

01/10/2025 16:45

FRANKFURT, Oct 1 (Reuters) - Continental AG CONG.DE expects a "high double-digit million-euro" hit from U.S. tariffs in the second half of 2025, it said on Wednesday, adding this already factored in a retroactive cut to 15% as of August.

The German automotive supplier, in a summary of a regular call with analysts and investors ahead of quarterly results, also said winter order books looked promising.

Third-quarter sales at the group's key tyre division are expected to remain stable year-on-year, Continental said, adding the profit margin at the unit would come in slightly closer to the lower end of the full-year guidance.

For its tyres division, Continental expects and adjusted operating profit margin of 12.5% to 14.0% in 2025.

($1 = 0.8524 euros)

 (Reporting by Christoph Steitz. Editing by Jane Merriman)

 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))