Continental AG
CON: XETR (DEU)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| @Mc | LOCK|Lm | LOCK|mjN$h>C |
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.
