Continental AG

CON: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Continental: Recall of Braking System to Have Limited Impact on Bottom Line; Fair Value Unchanged

Rella Suskin

Sep 11, 2024

Narrow-moat Continental will recall a portion of the integrated braking systems it supplied to BMW, costing Continental a mid-double-digit million (euro) amount. We estimate the size of the warranty accrual to only hit Continental’s bottom line by approximately 3%. We therefore leave our fair value estimate of EUR 108 per share unchanged.

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Continental AG

Continental: Recall of Braking System to Have Limited Impact on Bottom Line; Fair Value Unchanged

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