Earnings Call Summary | CONTINENTAL AG(CTTAF.US) Q1 2024 Earnings Conference
Earnings Call Summary | CONTINENTAL AG(CTTAF.US) Q1 2024 Earnings Conference
The following is a summary of the Continental Aktiengesellschaft (CTTAF) Q1 2024 Earnings Call Transcript:
以下是大陸股票（CTTAF）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Continental reported Q1 2024 sales of €9.8 billion with an adjusted EBIT margin of 2%.
Results were affected by weak markets, especially in Europe, and FX effects across all sectors.
Free cash flow improved operationally year-on-year, despite a negative effect of approximately €1.1 billion due to the repurchase of the ContiTech AG shares.
Continental Automotive and Tire sector sales were impacted by weak markets, but the company expects improvement, especially in Tire sector sales and margin in Q2.
ContiTech faced challenges due to weak industrial and automotive markets but is hopeful of potential industry recovery in H2.
The company anticipates inflationary headwinds and wage/salary increases impact, and effects due to closure of several sites as part of cost reduction program.
大陸集團報告稱，2024年第一季度銷售額爲98億歐元，調整後的息稅前利潤率爲2％。
業績受到疲軟的市場（尤其是歐洲）以及所有行業的外匯影響的影響。
儘管回購康迪泰克股份公司股票帶來了約11億歐元的負面影響，但自由現金流的運營卻同比有所改善。
大陸汽車和輪胎行業的銷售受到市場疲軟的影響，但該公司預計第二季度輪胎行業的銷售額和利潤率將有所改善。
由於工業和汽車市場疲軟，康迪泰克面臨挑戰，但對下半年潛在的行業復甦充滿希望。
該公司預計，通貨膨脹的不利因素和工資/薪金增長的影響以及作爲成本削減計劃的一部分關閉多個工廠所產生的影響。
Business Progress:
業務進展：
Despite weak Q1, Continental anticipates improvement throughout the year, with customer negotiation results in pricing and cost-saving measures taking effect.
The company is focusing on strengthening relationships with customers to improve autonomous driving and expects platforms production to begin.
As part of the reduction program, several sites have been closed, predicting a low-triple-digit million contribution and reaching around €400 million by the end of 2025.
The company expects the impact from carving out 'User Experience' and 'Original Equipment Solutions' to be around €200 million but foresees growth better than the market.
A significant reduction in administrative personnel is planned, and R&D spending is expected to see a year-over-year decline, aiming for a 9% of sales ratio.
儘管第一季度表現疲軟，但大陸集團預計全年將有所改善，客戶談判的定價和成本節約措施將生效。
該公司專注於加強與客戶的關係以改善自動駕駛，並預計平台將開始生產。
作爲減免計劃的一部分，一些場地已經關閉，預計到2025年底，捐款將達到三位數的百萬歐元，將達到約4億歐元。
該公司預計，打造 “用戶體驗” 和 “原始設備解決方案” 的影響約爲2億歐元，但預計增長將好於市場。
計劃大幅裁減行政人員，研發支出預計將同比下降，目標是銷售比率的9％。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。