ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

CTTAY Continental AG (PK)

6.61
-0.01 (-0.15%)
04 Dec 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Continental AG (PK) USOTC:CTTAY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.01 -0.15% 6.61 6.54 6.65 6.6499 6.55 6.60 149,653 22:00:02

Continental 1Q Sales Fell

27/04/2020 5:12pm

Dow Jones News


Continental (PK) (USOTC:CTTAY)
Historical Stock Chart


From Dec 2019 to Dec 2024

Click Here for more Continental (PK) Charts.
   By Mauro Orru 
 

Continental AG said Monday that its sales for the first quarter of 2020 fell year-on-year amid disruption from the coronavirus pandemic, according to preliminary figures.

The German automotive-parts manufacturer said sales for the quarter fell 10.9% to 9.84 billion euros ($10.67 billion) before changes in the scope of consolidation and exchange-rate effects.

The adjusted earnings before interest and taxes margin came in at 4.4%, the company said.

Continental previously expected sales in a range of EUR9.4 billion to EUR9.8 billion for the quarter, with its adjusted EBIT margin expected to come in at about 2% to 3%.

The company said it wouldn't provide an outlook for 2020 at this time.

"The environment continues to be characterized by substantial uncertainty regarding the duration and severity of the disruptions and it remains difficult to gauge possible further adverse consequences on production, the supply chain and demand," the company said in a statement.

Continental will publish its financial report for the first quarter on May 7.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

April 27, 2020 11:57 ET (15:57 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

1 Year Continental (PK) Chart

1 Year Continental (PK) Chart

1 Month Continental (PK) Chart

1 Month Continental (PK) Chart