13.01.2014
Continental AG DE0005439004
DGAP-News: Continental AG: Continental Posts Further Growth in 2013 and Exceeds Target for Adjusted EBIT
DGAP-News: Continental AG / Key word(s): Miscellaneous
Continental AG: Continental Posts Further Growth in 2013 and Exceeds
Target for Adjusted EBIT
13.01.2014 / 08:33
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Continental Posts Further Growth in 2013 and Exceeds Target for Adjusted
EBIT
- International Automotive supplier publishes provisional key figures for
fiscal 2013
- Sales climb to around EUR33.3 billion despite substantial negative
exchange rate effects
- Outlook for 2014: Sales increase of around 5% targeted
Hanover, January 13, 2014. With an adjusted EBIT margin of 11.2%, the
Continental Corporation significantly exceeded its target for fiscal 2013.
Sales of the international automotive supplier, tire manufacturer, and
industry partner increased slightly year-on-year to approximately EUR33.3
billion in 2013.
'Our strong commitment has paid off: We were able to more than offset the
economic limitations in Southern Europe and some emerging markets. Our
success was achieved in spite of considerable negative exchange rate
effects due to the strong euro, which amounted to over EUR700 million. The
adjusted EBIT of EUR3.7 billion represents an extremely strong performance
by the whole Continental team. In 2013 we therefore achieved an impressive
continuation of the successful path we have been pursuing for years,' said
Continental's CEO Dr. Elmar Degenhart at the announcement of the
provisional key figures on Monday during the Auto Show in Detroit, U.S.A.
'In 2014, we expect global production of cars with a total weight of up to
six metric tons to increase from around 83 million units in 2013 to more
than 85 million units. We want to grow faster than the global passenger car
market and are aiming to increase sales by around 5% to approximately EUR35
billion. At the same time, we want to comfortably achieve a double-digit
adjusted EBIT margin,' stated Degenhart.
Continental will present the provisional business figures on March 6, 2014,
in Frankfurt/Main.
With provisional sales of around EUR33.3 billion in 2013, Continental is
among the leading automotive suppliers worldwide. As a supplier of brake
systems, systems and components for powertrains and chassis,
instrumentation, infotainment solutions, vehicle electronics, tires, and
technical elastomers, Continental contributes to enhanced driving safety
and global climate protection. Continental is also an expert partner in
networked automobile communication. Continental currently has more than
177,000 employees in 46 countries.
Contact for journalists
Dr. Felix Gress
Senior Vice President
Corporate Communications
Continental AG
Vahrenwalder Str. 9
30165 Hanover
Germany
Phone / Fax: +49 511 938-1485 / -1055
E-mail: [email protected]
Hannes Boekhoff
Vice President
Media Relations
Continental AG
Vahrenwalder Str. 9
30165 Hanover
Germany
Phone / Fax: +49 511 938 1278 / -1016
E-mail: [email protected]
This press release is available in the following languages: Chinese, Czech,
Dutch, English, French, German, Hungarian, Japanese, Portuguese (Brazil),
Portuguese (Portugal), Romanian, Russian, Slovakian, Spanish
Links
Online media database: www.mediacenter.continental-corporation.com
Financial Reports: www.continental-ir.com
End of Corporate News
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Language: English
Company: Continental AG
Vahrenwalder Straße 9
30165 Hannover
Germany
Phone: +49 (0)511 938-1068
Fax: +49 (0)511 938-1080
E-mail: [email protected]
Internet: www.conti.de
ISIN: DE0005439004
WKN: 543900
Indices: DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg,
Hannover, Stuttgart; Freiverkehr in Berlin, Düsseldorf,
München; Terminbörse EUREX; Luxemburg, SIX
End of News DGAP News-Service
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