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Continental: confirms guidance for FY 2024
(CercleFinance.com) - Group consolidated sales of around E9.
8bn (consensus E10.0bn). Adjusted EBIT margin should be around 2.0% (consensus 3.7%). In the automotive sector, sales were around E4.8bn (vs. consensus of E4.9bn). The adjusted EBIT margin is expected to be around -4.3% (consensus -1.8%). In the Tires sector, sales amounted to around E3.3bn (consensus E3.4bn). The adjusted EBIT margin should be around 11.7% (consensus: 12.4%). The Group's adjusted free cash flow should be around -E1.1bn (consensus -E891m). Despite Q1 results, management sees sufficient potential for improvement in all group sectors, and hence for the group as a whole. It therefore confirms its forecasts for FY 2024, as announced on 7 March 2024. Copyright (c) 2024 CercleFinance.com. All rights reserved. |
30/04/2024 08:40
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