A profit warning chases the next, the sluggish production even drives the German GDP into negative – the showcase industry number one delivers bad news. The overview.
The automotive supplier Continental has already revised its profit forecast down twice this year – and again made it subject to reservations at the beginning of November. The stock value of the long-standing stock exchange has fallen by one third since early summer. The Board sees its own leadership “on the wrong track” – but can refer to external reasons: “For almost ten years, we saw in the past quarter for the first time a substantial decline in global vehicle production,” said CFO Wolfgang Schäfer.
(Photo: REUTERS)
Go to source