Continental AG
CON: XETR (DEU)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Y<# | LOCK|^!D | LOCK|l<#@b^^ |
Continental Earnings: Full-Year Guidance Intact Despite Higher Oil Price; Miss on ContiTech Multiple
In the second quarter, Continental reported flat tire revenue and significantly improved adjusted EBIT margin of 15.3% versus 12.1% the year prior, driving improved group free cash flow to EUR 216 million. The sale of ContiTech has been finalized at a 4 times enterprise value/EBITDA multiple.
