A lack of chips and problems in the supply chain put the Dax group under pressure.
(Photo: dpa)
Dusseldorf The automotive supplier Continental has to lower its outlook again due to the lack of chips and shaky supply chains. The group turnover will now probably be at 32.5 to 33.5 billion euros (previously 33.5 to 34.5 billion euros), announced the Dax group from Hanover on Friday.
For the adjusted operating return (EBIT margin), Conti announced a range between 5.2 and 5.6 percent. In the last forecast, which was lowered in August, management had assumed a margin between 6.5 and seven percent.
“The negative effects of the increase in costs for key supplies, including electronics and electromechanical components for automotive technologies, raw materials for rubber technologies, and energy and logistics are intensifying significantly,” the statement said.
More: Bottlenecks in the automotive industry: The chip crisis is followed by an even greater problem with the lack of aluminum
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