Continental Cuts Margin Target Over US Tariffs Ahead of Breakup
Continental AG lowered a profitability target for the year due to rising costs from US President Donald Trump's tariffs as the German automotive supplier forges ahead with a plan to dismantle itself.
Continental now sees an adjusted Ebit margin of as much as 11% for fiscal 2025, from as high as 11.5% previously, it said Tuesday ahead of an investor meeting in Frankfurt. The change reflects currency fluctuations as well as lower revenue expectations at its ContiTech industrial unit and the impact of US levies on the tires business.
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