Continental boosts earnings on higher pricing, lower inventories

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Continental (CONG.DE) reported earnings in line with consensus on Wednesday as successful price negotiations, lower inventory and stabilised supply chains enabled it to boost the performance of its automotive business and increase free cash flow.

Logo of German tyre company Continental is pictured before the annual news conference in Hanover, Germany, March 9, 2021. REUTERS/Fabian Bimmer/File Photoreported earnings in line with consensus on Wednesday as successful price negotiations, lower inventory and stabilised supply chains enabled it to boost the performance of its automotive business and increase free cash flow.

The company also said it now expects global production of passenger cars and light commercial vehicles to grow by 5-7% this year, up from its former forecast of 3-5%. It had managed to reduce inventories and would carry on doing so in the fourth quarter in order to hit its adjusted free cash flow target of 0.8-1.2 billion euros, a steep jump from the 497.3 million loss reported so far between January to September.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 2. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Continental boosts earnings on higher pricing, lower inventoriesContinental boosts earnings on higher pricing, lower inventories
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Europe's 1st continental spaceport is open for business in NorwayRobert Lea is a science journalist in the U.K. whose articles have been published in Physics World, New Scientist, Astronomy Magazine, All About Space, Newsweek and ZME Science. He also writes about science communication for Elsevier and the European Journal of Physics. Rob holds a bachelor of science degree in physics and astronomy from the U.K.
Herkunft: SPACEdotcom - 🏆 92. / 67 Weiterlesen »