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Continental Ag (OTC) (CTTAF)
:CTTAF
Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.42Last Year’s EPS
1.54Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: 20.55%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
Continental AG's Q3 2024 earnings call highlights several positive developments such as improved EBIT margins, successful pricing negotiations, and strong performance in the tire segment. However, these are balanced by significant challenges including weak industrial markets impacting ContiTech, reduced order intake, and persistent challenges in the automotive segment, particularly in North America. The overall sentiment remains cautious but demonstrates resilience in the face of market difficulties.Company Guidance
During the Q3 2024 call, Continental AG provided several key metrics and updates on their strategic and financial performance. The company reported a significant improvement in the adjusted EBIT margin, which increased by 260 basis points year-over-year, aided partially by a €125 million cash inflow from Vitesco Technologies. Group sector highlights included a notable organic sales growth of 3.5% in tires and a 140 basis points improvement in the automotive sector's adjusted EBIT margin. However, ContiTech faced challenges due to weak industrial markets, prompting a revised sales outlook to €6.2 billion to €6.6 billion and an adjusted EBIT margin of 5.8% to 6.3%. The company also highlighted a substantial reduction in headcount, contributing to a targeted €200 million cost savings for 2024, with plans to achieve an additional €200 million in 2025. Despite challenges, Continental reaffirmed its commitment to achieving its full-year guidance, adjusting the overall group sales outlook to €39.5 billion to €42 billion.Improvement in Adjusted EBIT Margin
Continental AG reported a significant improvement in its adjusted EBIT margin by 260 basis points year-over-year, driven by strategies including a €125 million cash inflow from Vitesco Technologies.
Successful Pricing Negotiations in Automotive
The automotive team concluded nearly all pricing negotiations, which contributed to a 140 basis point improvement in adjusted EBIT margin despite the challenging market.
Tire Segment Growth
The tire segment showed a strong performance with 3.5% organic sales growth and a 120 basis point increase in adjusted EBIT margin, driven by improvements in passenger vehicle replacement and truck tire business.
Cost Savings and Efficiency Gains
Continental achieved €100 million in cost savings year-to-date and raised the cost-cutting target to €200 million by year-end 2024, with further savings assured for 2025.
R&D Efficiency Improvements
A 30 basis point reduction in R&D to sales percentage was achieved, with AI being used to cut development time by up to 20%.
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CTTAF 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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CTTAF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $58.70 | $64.90 | +10.56% |
| Aug 07, 2024 | $59.20 | $64.90 | +9.63% |
| May 08, 2024 | $66.80 | $67.70 | +1.35% |
| Mar 07, 2024 | $80.20 | $79.26 | -1.17% |
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 (OTC) (CTTAF) report earnings?
Continental Ag (OTC) (CTTAF) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Continental Ag (OTC) (CTTAF) earnings time?
Continental Ag (OTC) (CTTAF) 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 CTTAF EPS forecast?
CTTAF EPS forecast for the fiscal quarter 2024 (Q4) is 2.42.
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