(CercleFinance.com) – The results of the 3rd quarter are in line with expectations, estimates the analyst. The German automotive supplier published a net profit, group share of 298 ME. EPS thus stood at 1.49 euros, compared to -1.05 euros a year earlier.
Following this publication, UBS reiterates its advice to Neutral on the value with a price target of 67 E.
‘The third quarter is in line with forecasts. We expect limited changes from consensus,’ says UBS.
Continental said it had adjusted its sales outlook in the automotive division, mainly due to continued negative currency effects, with sales expected to be between 20 and 21 billion euros (previously: 20.5 to 21.5 billion euros). ).
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