Continental rubber group expects reduced earnings in 2018

Continental rubber group expects reduced earnings in 2018

Continental has said that earnings will be impacted by around €150 million in H1 2018 mainly due to exchange rate fluctuations and inventory valuation effects. Primarily the tyre business will be impacted. According to the company, the adjusted operating result (adjusted EBIT) for Q1 2018 in the Rubber Group will be about €100 million, lower than the same period last year. The adjusted EBIT margin will decrease from about 10.5 percent to more than 10 percent, the company said.

“We do not assume that we will be able to compensate for these negative effects in the Rubber Group over the course of the year. We are therefore lowering our outlook for the adjusted EBIT margin of the Rubber Group from about 15 percent to more than 14 percent for 2018. For the corporation, this also results in a decrease in the forecast of the adjusted EBIT margin from about 10.5 percent to more than 10 percent,” said Continental in a statement.

Continental will publish initial key data for Q1 2018 on April 27, 2018, and the financial report for the period will be published on May 8, 2018.

About The Author

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest Issue

Newsletter Subscription

Recent Tweets

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!