Continental sees drop in sales, margin in Q2

This post was originally published on this site

In preliminary results released by Continental on Wednesday, the automotive group sector reported a negative adjusted EBIT margin of -2.3%, while the tyres division reported the highest margin at 13.8%.

Adjusted free cash flow for the Group came in at -687 million euros, the supplier reported, far below consensus of -225 million euros.

The company is due to report second-quarter results on August 9.

($1 = 0.9771 euros)