Continental beats Q2 operating profit view on strong tyre demand
04/08/2026 06:30
Continental beats Q2 operating profit view on strong tyre demand Aug 4 (Reuters) - German car parts supplier Continental CONG.DE beat market expectations for its second-quarter operating profit on Tuesday, as strong tyre demand and a lower impact from currency exchange and tariffs helped counter the effects of persistently weak global automotive production.
Continental, which is in the process of shedding non-core businesses to become a pure-play tyremaker, reported adjusted earnings before interest and taxes of €570 million ($656 million), compared with €422 million in the same quarter last year.
A company-provided analyst consensus was expecting €539.4 million on average.
($1 = 0.8690 euros)
(Reporting by Emanuele Berro and Simon Ferdinand Eibach in Gdansk, editing by Milla Nissi-Prussak)