XTRA:CONAuto Components
Continental (XTRA:CON) Is Up 15.5% After Profit Jump Amid ContiTech Job Cuts And Restructuring
In the first quarter of 2026, Continental Aktiengesellschaft reported sales of €4,396 million versus €4,905 million a year earlier, while net income rose to €200 million from €68 million, alongside confirming plans at its ContiTech division to cut about 3,000 jobs globally, including roughly 1,600 in Germany, under a cost‑saving program.
Although quarterly earnings per share increased to €1 from €0.34 despite lower sales, the agreed workforce reductions and related cost measures highlight...