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Tag: Continental’s profit


Industry Focus Areas, Logistics, Motorized Vehicle, Process

Continental 2019 adjusted profit falls as vehicle demand slumps

March 5, 2020

Via: Automotive News

FRANKFURT/BERLIN — Continental said it would step up cost savings after posting a drop in adjusted profit and a 1.2 billion-euro ($1.3 billion) net loss in 2019 as worldwide vehicle demand slumped. Cost-cut plans will be presented in May because […]


Logistics, Process

Continental Q3 profit drops 20% on auto slowdown

November 12, 2019

Via: Automotive News

FRANKFURT — Continental posted a 20 percent drop in adjusted operating profit in the third quarter. The German supplier reiterated that consolidated sales in the third quarter were about 11.1 billion euros ($12.2 billion) and its adjusted EBIT margin was […]


Logistics, Process

Continental expects Q3 loss; powertrain spinoff slated for 2020

October 22, 2019

Via: Automotive News

FRANKFURT — Continental said on Tuesday that slower automobile production growth over the next five years had forced the supplier to book a 2.5 billion euro ($2.8 billion) impairment. The auto industry slowdown has already prompted profit warnings from various […]