Continental maintains FY guidance |
|
|
|
Published
:
Tue, 17 Jul 2007 10:36
|
FRANKFURT (Thomson Financial) - Continental AG said it is sticking to its current 2007 earnings guidance and denied rumours that it may lift its targets for the year.'It really comes down to how and if one could raise an open-ended target,' said a spokesman for the tyre and auto parts specialist.'Continental has set its 2007 target as exceeding its profits from last year by at least 5 pct,' he said, adding that he didn't see how such a target could be raised.Continental is scheduled to release its second-quarter results on Aug 1.In 2006, Continental had sales of around 14.8 bln eur and an operating profit of 1.6 bln.Rumours that Continental might raise its full-year target had lifted the stock in midday trade, according to several dealers.At 11.06 am, shares in Continental were 0.43 eur or 0.40 pct higher at 107.10, making it the only gainer on the DAX, which was down 94.41 points or 1.16 pct at 8,011.22.Tyler.Sitte@thomson.comts/jlwCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
|
|
|
|
Print this Story
Tatneft says may form tyre production jv with Continental AG after 2008 UPDATE 