Notícias ao Minuto
Classificados Auto
Continental goes from profit to 53 million loss in the 1st quarter
The loss recorded was due to the fall in revenues in all its business divisions.
© Lusa
Auto Continental
Tire and automotive components maker Continental said today it swung to a €53 million loss in the first quarter of this year, from a €382 million profit in the same period a year earlier.
The loss was due to lower revenue across all of its divisions, it said in a statement.
Sales fell 5% in the three months to March to €9.788 billion, while earnings before interest, tax, depreciation and amortization (EBITDA) dropped 38.22% to €661 million.
By business area, the company’s automotive sales fell 4% in the three months to March to €4.813 billion, while tire sales declined 5% to €3.290 billion.
ContiTech, which develops, produces and markets products made of rubber, plastic, metal and fabric, saw sales fall 4.9% in the quarter under review to €1.647 billion.
Adjusted free cash flow was a negative €1.1 billion in the first quarter, compared with a negative €949 million in the same period a year earlier, hit by a €500 million payment for the redemption of ContiTech shares.
Despite the “weak first quarter,” the company maintained its forecast for the full year, saying it expects earnings to improve as the year progresses, “particularly in the second half,” thanks to “potential for improvement in all of the Group’s sectors.”
Descarregue a nossa App gratuita.
Oitavo ano consecutivo Escolha do Consumidor para Imprensa Online e eleito o produto do ano 2024.
* Estudo da e Netsonda, nov. e dez. 2023 produtodoano- pt.com
Recomendados para si
Classificados Auto
Leia Também
Últimas Notícias
Mais lidas
- Última hora
- Dia
- Semana
-
1
desporto Jake Paul
Luxo e mais luxo. Os automóveis do homem que derrotou Mike Tyson
-
2
desporto Rali do Japão
-
3
desporto Fórmula 1
Verstappen volta a bater Norris em Las Vegas em dia de pole de Russell
-
4
eletricos Abarth
Abarth já não volta a construir automóveis com motor a combustão
-
5
desporto Fórmula 1
Hamilton saiu da Mercedes e dois pilotos ligaram a Toto Wolff
-
6
desporto BMW
-
7
Auto Aston Martin
Aston Martin Valkyrie pulveriza recorde de Silverstone. E há imagens
-
8
desporto Fórmula 1
Seguranças de aeroporto não reconheceram piloto de F1 e quase correu mal
-
9
