FRANKFURT, April 29 (Reuters) - German auto parts group Continental reported underlying operating profit collapsed during the first quarter amid plunging revenue, but it said on Wednesday it expected a noticeable improvement ahead. Adjusted earnings before interest and tax (EBIT) swung to a 46.6 million euro ($60.65 million) loss, missing expectations of a break even in a Reuters poll and down from a profit a 582 million in the previous year. It continued to forecast "substantial" free ...
Premium Content (PAID Subscription Required)
"Continental sees Q2 improvement after very poor Q1" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.