Sunday , August 1 2021

AUTO-Continental predicts a turn in H2 and confirms its goals

Continental is still expecting a recovery in the second half of the year and confirming its annual forecast on Thursday, despite a 22% drop in net profit in the first quarter, due to a drop in demand for the car world.

The net profits of the German equipment maker decreased to 575m euros in the first three months of the year.

"The beginning of the year was difficult as planned," said CFO Wolfgang Schäfer. "However, last year we started to strengthen our cost-cutting discipline. We benefit now."

* In 2019, TOYOOTA sees growth in favor

May 8 – Toyota expects sharp slowdown in revenue growth this year, amid the expected decline in total sales and sales in Japan and North America.

The first Japanese automaker announced on Wednesday a forecast for the year ending in March 2020, operating profit of 3.3% to 2,550 billion yen (20.37 billion euros), slightly lower than the analysts' average forecast of 2.610 billion yen, according to Refinitiv. In the previous financial year, the group posted revenue growth of 20% to $ 2.470 billion.

Toyota expects to sell 10.74 million vehicles in the current year, compared with 10.6 million in the previous year. Sales are expected to drop by 1.2% in Japan and 1.6% in North America.

Main quarterly results of other companies in the sector:

* Ferrari confirms its goals after a solid T1

On May 7th, Ferrari confirmed its annual targets on Tuesday after it posted an operating profit of up to 14% in the first quarter, thanks to the strong performance of Portofino, a entry-level model.

EBITDA (earnings before interest, taxes, depreciation) reached 311m euros in January-March, compared with an average of 284m expected by analysts according to Reuters consensus.


On May 7, BMW announced a decline, as expected, of 78 percent of operating profit in the first quarter, as increased luxury car deliveries during this period did not compensate for the effect of the two 36 percent increase in capital costs and the collapse of 1 , 4 billion euros.

The German carmaker said one month ago that he would spend more than one billion euros, given the preliminary findings of the European Union investigation, which accuses him of collusion with Daimler and Volkswagen in the field of polluting emissions.

BMW said its automotive division was losing during this period. With the exception of the provision, the margin of this division was 5.6%. Analysts forecast operating income of 666 million euros.

* FIAT CHRYSLER confirms its objectives TEST T1

May 3 – Fiat Chrysler Automobiles FCHA.MI, FCAU.N said Friday it relies on new models such as the Jeep Gladiator and the latest versions of its commercial RAM vehicles to achieve their annual targets after the release of the results of the first quarter below expectations and confirmed their goals.

Earnings before interest and taxes (Ebit) of the Italian-American manufacturer amounted to 1.07 billion euros in January-March, with sales down 5% to 24.48 billion euros. Analysts expect 1.31 billion euros and 26.49 billion euros.

The operating margin in North America fell to 6.5%, down 90 basis points year on year.


May 2 – SUV sales and cost reductions enabled Volkswagen VOWG_p.DE to reimburse the cost of a 1 billion euro and make its operating profit in the first quarter.

EBIT (earnings before interest and taxes) during the first three months of the year stood at 3.9 billion euros, compared to 4.2 billion before, but is in line with the average consensus of 3.92 billion dollars.

Volkswagen also confirmed its forecasts to increase sales of vehicles, sales growth to 5% and an operating margin of sales of the group between 6.5 and 7, 5%.

* GM EXPRESSES Increase in revenue in T1 EXPECTATIONS

April 30 – General Motors announced Tuesday net profit above expectations in the first quarter, partly inflated by the valuation of shares held by specialized VTC Lyft and PSA.

Detroit's car posted a net profit of $ 2.2 billion (1.96 billion euros) in the first three months of the year, or $ 1.48 per share, compared with $ 1.05 billion (72 cents per share) in front of one year.

With the exception of exceptional items, the group posted earnings per share of $ 1.41, well above the consensus of $ 1.11.


April 26 – Continental announced on Friday that it has postponed the split and IPO of its transmission division by 2020, after it posted an operating profit of 17% in the first quarter due to the slower demand in the automotive sector. higher investment.

The profit before interest and taxes (Ebit) of the German automotive supplier amounted to 884 million euros for a turnover of 11 billion euros and a margin of 8.1%

The group said it is now planning a partial IPO of its transmission division Viteško, starting in 2020, compared with mid-2019.


April 26 – Daimler announced a 16% drop in operating profit in the first quarter, fueled by a drop in sales of Mercedes-Benz cars, increased raw materials and higher prices by 4%. investments in its division of trucks.

Operating profit thus fell to 2.80 billion euros in the first three months of the year, while financial analysts expected an average of 2.89 billion euros.

Daimler said returning Mercedes sales fell to 6.1 per cent during this period, an increase of 9 per cent a year ago as a result of a 3 per cent decline in sales in China and a rise in sales of compact cars with lower margins from other models.

For the whole of 2019, the group confirmed that it expects a slight increase in sales, sales and revenues from unit sales.

* RENAULT-RETURN OF CA with volume, diesel and variables

April 26 – Renault on Friday registered a decline in sales volume and value in the first quarter due to the loss of the Iranian exit, the diesel crisis and currency effects, but confirmed its goals in 2019 despite the expected worsening of the global car market this year.

The diamond group sold 908,348 vehicles in the first three months, down from 5.6% due to the discontinuation of activity in Iran since the announcement of the Iranian nuclear deal in 2018, as well as sales in China (-18.1% in the Asia- Pacific).

These extensive effects – combined with a depot in Europe to accommodate the slowdown in the market – had a negative impact of 4.7 points on sales growth, down 4.8% to 12.527 billion euros. The Infront Data Consensus for Reuters gave a larger turnover of $ 12.595 billion.


April 25 – Ford announced lower but better than expected results for the first quarter, mainly driven by the sale of a pickup truck in the United States and was more secure in its ability to improve its bottom line. throughout the year compared to 2018.

The fourth quarter ended with a net profit of 1.15 billion dollars, or 29 cents, which is 34 percent for a year. With the exception of exceptional items, earnings per share was 44 cents, well above the 27 cents consensus according to IBES Refinitiv.

Turnover fell 4% to $ 40.3 billion, compared with 42 billion in the first quarter of 2018.

The second-largest US automaker launched a major restructuring program that will cut costs by $ 11 billion by 2021.

Presenting results to reporters at the headquarters of the group near Detroit, chief financial officer Bob Shanks said he was more secure in improving the results this year, noting that Ford was operating "in an unstable environment with fierce competition." .



April 25 – The PSA at the beginning of the year was fined its activities outside Europe, especially by closing its production in Iran, which contributed to a 1.1% drop in the first quarter.

In the first three months of this year, the seller made sales worth 17.976 billion euros, according to a consensus by Infront Data analysts for Reuters, which gave 17.986 billion euros.

"Over the past quarter, as in the fourth quarter of 2018, we have come across challenges abroad," said CFO Philippe de Rovira during a teleconference with analysts.


April 24 – Tesla announced a loss of $ 700m (628m euros) in the first three months of the year on Wednesday and also expects a negative outcome in the current quarter, but an electric car maker is promising return on profits in the third quarter.

The US group said it had finished fourth quarter with just 2.2 billion in cash after returning in March with a 920 million euro bond.

He confirmed his forecast of 360,000 to 400,000 cars delivered in 2019 and added to produce up to 500,000 cars this year if his new plant in Shanghai will reach its production targets in the fourth quarter.

Shares, down by more than 20 percent this year, gained 1.7 percent to $ 263 in Wall Street post-trading.

The first quarter resulted in a net loss of $ 702.1 million or $ 4.10 per share, compared with $ 709.6 million ($ 4.19 a year earlier).

"With the expected increase in deliveries and cost-cutting, we expect a return on profits in the third quarter and we expect to significantly reduce the loss in the second quarter," said general manager Elon Masch.

* Michelin confirms his providence

April 24 – Michelin confirmed its targets for 2019 on Wednesday and announced an increase of 11.3% of sales in the first quarter, in line with expectations, its price increases and the effects of currencies suffered positive closed amounts of half of the spear in conflict markets on cars.

The tire manufacturer recorded net sales of 5.809 billion euros in the first three months of the year. With a constant exchange rate, growth was + 9.3%. The consensus for information about Reuters for a given date is 5,799 billion euros.

In the first quarter, a small drop in the volume (-0.5%) was compensated with a price-mix effect of up to 2% (+ 1.3% corresponding to the increase in prices and + 0.7% reflection refinement of the mix , especially for tires of 18 inches and more) and favorable effects on parity to + 2%.


April 24 – a manufacturer of Swedish heavy truck maker Volvo announced that operating profit over expectations was due to higher prices and lower supply chain constraints that allowed it to gain efficiency.

The adjusted operating profit amounted to 12.7 billion Swedish kronor (1.21 billion euros) against 8.30 billion euros a year earlier, and 10.19 billion is expected on average by consensus analysts.

The group that holds the brands Volvo, Mack, Renault and UD Trucks, however, was convincing in confirming the goals for the entire 2019 year.

Heavy truck orders fell to 45,884 units for the second quarter in a row, according to analysts' expectations of 57,227 units, but Volvo pointed to weak orders in North America, but its notebooks were almost full this year. year before the start of the quarter. (Business service)

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