Tire manufacturer: Conti expects higher return despite higher rubber prices – shares rise sharply
The Dax group is convincing investors with a stronger return, while the automotive market is in crisis. Continental wants to increase the result - with higher prices.
Continental reported a 1.5% decline in tire business sales to €3.5 billion in Q3, but its adjusted operating result improved by 7% to €514 million. The company's adjusted EBIT margin rose to 14.9% from 13.9% in the same period last year. Continental's CEO, Christian Kötz, stated that the company is entering a challenging year-end period with strength.
The company's stock rose over 6% due to the prospect of a higher margin for the full year. Continental now expects its 2026 core business sales to be between €13.5 and €13.9 billion and its adjusted EBIT margin to be between 13.4% and 14.0%.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
