Gratifying Half-Yearly Result for Continental

The management has undertaken an upward revision of the turnover and profit forecasts. Due to increased turnover all business divisions were able to improve their margins, but it seems that General Tire did not entirely come up to the expectations of institutional investors. The Teves result (half-yearly turnover: 1.

278 billion euros, EBIT: 27 million euros) came as a pleasant surprise to banking circles. After the first six months group turnover reached 4.449 billion euros, and the EBIT of 263 million euros was roughly ten per cent above expectations.

Stock exchange experts value the potential of the Continental share with 25 to 26 euros, which has as yet not been realised. The slightly worrying aspect is the fear that Continental could be “lumped together” with other, “normal” tyre manufacturers, e.g.