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Top related persons:
Fabian Bimmer - 2 Katja Garcia Vila - 2 Victoria Waldersee - 2 Nikolai Setzer - 1 " Setzer - 1 Matthias Williams - 1 Louise Heavens - 1 Miranda Murray - 1
Top related locs:
Hanover Germany Continental ContiTech North America Europe
Top related orgs:
Continental - 2 REUTERS - 2 BERLIN - 2 Thomson - 2 Victoria - 1

Search resuls for: "Katja Garcia Vila"


2 mentions found


☆ Continental prepares for asset sales, tightens 2023 targets
  + stars: | 2023-12-04 | by ( ) www.reuters.com   time to read: +2 min
The logo of German tyre company Continental, pictured before the company's annual news conference in Hanover, Germany, March 7, 2019. Continental said in November it would cut thousands of jobs in the automotive division worldwide and reduce the number of business areas within the division from six to five. "The automotive business is with us, it stays with us," Setzer said at a media briefing. Its 2023 outlook forecasts an adjusted EBIT margin of 5.5-6.5% on sales of 41 billion to 43 billion euros. It expected an adjusted earnings margin close to 7% at ContiTech, at or above 13% in the tyres division and near 2% in the automotive division, CFO Katja Garcia Vila said.
Persons: Fabian Bimmer, Nikolai Setzer, " Setzer, Katja Garcia Vila, Victoria Waldersee, Matthias Williams, Louise Heavens Organizations: Continental, REUTERS, BERLIN, Thomson Locations: Hanover, Germany, Continental, ContiTech
☆ Continental boosts earnings on higher pricing, lower inventories
  + stars: | 2023-11-08 | by ( Victoria Waldersee | Thomson Reuters | Autos Correspondent In Germany | ) www.reuters.com   time to read: +2 min
Logo of German tyre company Continental is pictured before the annual news conference in Hanover, Germany, March 9, 2021. REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsCompanies Continental AG FollowBERLIN, Nov 8 (Reuters) - Continental (CONG.DE) reported earnings in line with consensus on Wednesday as successful price negotiations, lower inventory and stabilised supply chains enabled it to boost the performance of its automotive business and increase free cash flow. "We still have significant ground to gain in the fourth quarter," Chief Financial Officer Katja Garcia Vila, formerly Dürrfeld, said. Its automotive business, which suffered a loss in the second quarter, was back to profit with an adjusted earnings margin of 2.8% largely down to raising prices and stabilising supply chains. Still, negative currency exchange rates prompted it to adjust the cars business sales outlook slightly downwards to 20 billion euros from 21 billion previously.
Persons: Fabian Bimmer, Katja Garcia Vila, Victoria Waldersee, Miranda Murray, Miral Organizations: Continental, REUTERS, BERLIN, Victoria, Thomson Locations: Hanover, Germany, North America, Europe
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