Continental Cuts Sales Outlook

Continental Posts Higher Profit as Cost Cuts Offset Sales Pressure
The auto supplier posted third-quarter adjusted earnings that beat analyst expectations, sending shares higher, but lowered its 2024 sales guidance after its ContiTech division continued to suffer weak industrial demand.
Continental Stock Up On Strong Q3 Profit; Cuts FY24 Sales View
Shares of Continental AG were gaining around 7 percent on the German trading after the automotive parts maker reported Monday
Continental cuts sales guidance, posts Q3 profit beat
German automotive and industrial supplier Continental on Monday cut its sales guidance for the second time this year, blaming weak demand in Europe and North America, even as it posted third-quarter core profit above expectations.
Continental Cuts Sales Guidance on Weakness in ContiTech Division
The German automotive supplier and tire company lowered its 2024 sales guidance for the second consecutive quarter due to subdued demand across the division.
Continental Q3 Net Income Rises; Adjusts FY24 Outlook
Continental (CTTAY.PK) reported that its net income in the third quarter was 486 million euros compared to 299 million euros, prior
Auto supplier Continental cuts sales guidance, but shares rise on profit beat
German automotive and industrial supplier Continental cut its annual sales guidance for the second time this year on Monday, citing weak industrial demand in Europe and North America, but it beat third quarter profit expectations.
Continental Cuts Sales Outlook Again on ContiTech Weakness
The auto supplier lowered its 2024 sales guidance after its ContiTech division continued to suffer weak industrial demand in Europe and North America, and cautioned that it didn’t expect a recovery in the fourth quarter.
Continental Trims Sales Outlook on Muted Industrial Demand
Continental AG slightly lowered its sales outlook for the year due to weak demand from industry clients in Europe and North ...
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Outlook for fiscal 2024 For 2024 as a whole, Continental expects the production of passenger cars and light commercial vehicles to decrease year-on-year. We expect demand in the tire-replacement ...
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Continental's Financial Roadblock: Navigating Weak Demand
German supplier Continental revises its sales forecast downward for 2024 due to declining demand in Europe and North America, despite surpassing third-quarter profit expectations. Sales are now ...
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