Continental (ETR:CON) Full Year 2024 Results
Key Financial Results
- Revenue: €39.7b (down 4.1% from FY 2023).
- Net income: €1.17b (up 1.0% from FY 2023).
- Profit margin: 2.9% (up from 2.8% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: €5.84 (up from €5.78 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Continental EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.0%.
The primary driver behind last 12 months revenue was the Automotive segment contributing a total revenue of €19.4b (49% of total revenue). Notably, cost of sales worth €30.9b amounted to 78% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to €4.10b (54% of total expenses). Explore how CON's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Auto Components industry in Germany.
Performance of the German Auto Components industry.
The company's shares are down 1.3% from a week ago.
Risk Analysis
Be aware that Continental is showing 1 warning sign in our investment analysis that you should know about...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About XTRA:CON
Continental
A technology company, provides solutions for vehicles, machines, traffic, and transportation worldwide.
Excellent balance sheet and good value.
