By Nina Kienle
Shares in Continental plunged on Tuesday after 2024 revenue was hurt by major headwinds and guidance came in soft.
In morning trading, shares fell 8.4% at 63.56 euros.
The German car-parts company's full-year sales fell 4.1% to 39.72 billion euros ($41.65 billion) compared to the prior year. The company attributed this to a weak core market in Europe and a global downturn in automotive production, it said.
The figure slightly missed analysts' estimated 39.97 billion euros, according to a company compiled consensus.
For 2025, Continental expects sales to range between 38.0 billion and 41.0 billion euros, and an adjusted earnings before interest and taxes margin of around 6.5% to 7.5%, it said.
Analysts see sales at 40.89 billion euros and adjusted EBIT at 2.91 billion euros with a margin of 7.1%, according the same consensus.
The guidance is weaker than expected, Jefferies analysts said in a note to clients. "Commentary also indicates that guidance does not take significant changes in tariffs into account, which adds a layer of uncertainty about the guide," they said.
Despite this, net profit rose 1% to 1.17 billion euros and adjusted EBIT rose 7% to 2.69 billion euros.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
March 04, 2025 04:23 ET (09:23 GMT)
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