Continental rises on Q1 earnings beat

Continental AG

06/05/2026 08:49

** Shares of Continental CONG.DE rise 4.97% after the German tire maker published better than expected first quarter results

** First quarter adjusted EBIT amounted to 522 million euros  ($612.41 million) beating the 499.5 million euros company compiled forecast

** Jefferies analysts point to strong margins in both the tires and the ConiTech divisions

** The broker also highlight a favorable price/mix in the first quarter driven by increasing volumes in premium ultra-high-performance tires

** Jefferies also cites Continental's statement that the vast majority of raw material increases is planned to be offset

** Continental shares are the top gainer of the German main index .GDAXI

($1 = 0.8524 euros)

 (Reporting by Simon Ferdinand Eibach)

 ((Simonferdinand.eibach@thomsonreuters.com))