Continental's Separation of ContiTech a Positive Move -- Market Talk

Dow Jones
2025/04/09

1332 GMT - Auto-parts maker Continental's expected sale of its ContiTech business is a positive move as the remaining company will be a clean tire asset once the transaction is concluded in 2026, Deutsche Bank analyst Christoph Laskawi writes. While ContiTech has been struggling more recently, cash generation and margin potential especially in the industrial division have been decent overall. The transaction will allow the tire business to reduce debt quickly and move to become a cash return story with a very healthy balance sheet, he adds. "According to management, synergies have been limited between ContiTech and tires which is why there should be close to zero dyssynergies from the disposal." Shares fall 4.1%. (dominic.chopping@wsj.com)

 

(END) Dow Jones Newswires

April 09, 2025 09:32 ET (13:32 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10