Continental sees Q2 improvement after very poor Q1

Newswire

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 ...

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