The US tariffs on imported auto parts are left at Continental.
The DAX group said on the occasion of the pre-close call, for example, since the second half of Junis. However, there is a gap that will be reflected in the results of the second quarter. In the end, negative currency effects would also affect sales and EBIT margin of the division. Sales will decrease somewhat compared to the previous year. The adjusted EBIT margin should be at the lower end of the annual forecast (12.5 to 14.0 percent).
At automotive, the effects from the US tariffs are limited and negotiations with customers and suppliers continued. As in the previous quartals, Conti had “successful” price negotiations with customers. In addition, the group feels positive effects from the implemented cost reduction measures for automotive. In total, sales at Automotive should decrease in the second quarter compared to the previous year, which is mainly due to currency effects. The adjusted EBIT margin is expected to be at the top of the annual forecast.
In the post-market tradegate trade, the Continental share is temporarily 1.24 percent up to 75 euros.
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