Continental AG

CON: XETR (DEU)
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Continental Earnings: Raised Guidance Aligns With Our View; Fair Value Estimate Unchanged

Continental's organic sales declined 1.5% and adjusted operating profit increased 6.7% in the third quarter, with margin improving to 14.9% from 13.9%. An improved mix of ultra-high-performance tires in tires EMEA led the profit improvement. Accordingly, management raised its full-year guidance.

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