Significant higher Conti profits expected in Q3, say analysts
On 31 October Continental AG will host a conference call and tyre division investor day to coincide with the release of the company’s third quarter results. Analysts at Deutsche Bank anticipate that Continental will report revenues of 8.1 billion euros for the quarter, a five per cent year-on-year increase. Other expected results include an adjusted EBIT of 844 million euros – the analysts note that this projected 13 per cent year-on-year growth is driven by Conti’s tyre business – and a net profit of 401 million euros, up 90 per cent on a year earlier.