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Continental AG (CTTAY)
:CTTAY
Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.24Last Year’s EPS
0.16Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: 18.78%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a balanced outlook with significant achievements in cost savings and tire segment performance, offset by persistent challenges in ContiTech and North America, and a lower than expected order intake.Company Guidance
During the Q3 2024 results call, Continental AG provided an optimistic outlook despite challenging market conditions. The company reported a significant improvement in its adjusted EBIT margin, which increased by 260 basis points year-over-year, partly due to a €125 million cash inflow from Vitesco Technologies. In the automotive sector, Continental successfully concluded most of its pricing negotiations, resulting in a 140 basis points improvement in adjusted EBIT. The tires sector saw a 2% volume growth, driven by strong replacement demand in Europe and APAC, contributing to a 120 basis points increase in adjusted EBIT margin. However, the ContiTech sector faced headwinds due to weak industrial markets, prompting a revised sales guidance between €6.2 billion and €6.6 billion, with an adjusted EBIT margin guidance of 5.8% to 6.3%. Free cash flow was impacted by elevated working capital, despite benefiting from the Vitesco cash inflow. Continental remains committed to its cost-saving initiatives, having achieved €100 million in savings by Q3, and aims for €200 million by year-end, with a total target of €400 million by 2025. The company also noted its strategic efforts in R&D efficiency, aiming for a high single-digit R&D to sales percentage by 2027.Improvement in Adjusted EBIT Margin
The company significantly improved its adjusted EBIT margin by 260 basis points year-over-year, driven by a €125 million cash inflow from Vitesco Technologies.
Strong Performance in the Tire Segment
Tire segment delivered a strong quarter with 3.5% organic sales growth and a 2% volume increase, capitalizing on the passenger vehicle replacement market.
Progress in Automotive Transformation Program
Achieved over 90% of price agreement conclusions, reduced over 3,000 employees, and increased the cost savings target from €150 million to €200 million for 2024.
Strategic Focus on AI and R&D Efficiency
Achieved a 30 basis points reduction in R&D to sales percentage with further AI integration projected to cut development time by up to 20%.
Notable Order Wins in Safety and Motion
Secured €1.8 billion in new business, including major awards from Asian customers, growing the position in the Chinese market.
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CTTAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CTTAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $6.07 | $6.66 | +9.72% |
| Aug 07, 2024 | $5.94 | $6.35 | +6.90% |
| May 08, 2024 | $6.86 | $6.62 | -3.50% |
| Mar 07, 2024 | $7.76 | $7.68 | -1.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Continental AG (CTTAY) report earnings?
Continental AG (CTTAY) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Continental AG (CTTAY) earnings time?
Continental AG (CTTAY) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTTAY EPS forecast?
CTTAY EPS forecast for the fiscal quarter 2024 (Q4) is 0.24.
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