25.04.2014
Continental AG DE0005439004
DGAP-News: Continental Raises Outlook after Good Start
DGAP-News: Continental AG / Key word(s): Quarter Results/Change in
Forecast
Continental Raises Outlook after Good Start
25.04.2014 / 08:30
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Continental Raises Outlook after Good Start
- Automotive supplier publishes key data for first quarter of 2014
- Sales grow by 4.4% to around EUR8.4 billion
- Adjusted EBIT at EUR953 million
Hanover, Germany, April 25, 2014. The Continental Corporation has had a
successful start to the new year and is raising its outlook for adjusted
EBIT. "For fiscal 2014 we intend to comfortably achieve an adjusted EBIT
margin of 10.5% instead of the originally advised 10.0%," announced
Continental's CEO Dr. Elmar Degenhart on Friday at the Annual Shareholders'
Meeting in Hanover when presenting the key data for the first three months.
In the first quarter of 2014, the sales of the international automotive
supplier, tire manufacturer, and industrial partner was up by a good 4%
year-on-year to around EUR8.4 billion. Adjusted EBIT rose by nearly 20% to
approximately EUR953 million.
"All of our five divisions contributed to our successful start to the year.
Sales and adjusted EBIT are clearly above the same quarter of the previous
year. However, the first quarter of the past year presented an easy basis
of comparison. Nonetheless, we are confident that we can maintain the
current momentum, as the positive trend of the first three months appears
to be continuing in the second quarter," said Degenhart. He added: "Our
sales were again heavily impacted by exchange rate effects in the first
quarter. Adjusted for these effects and changes in the scope of
consolidation, sales climbed by 8.3%."
Continental will present its figures for the first quarter of 2014 on May
6.
With 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 employs around 182,000
people in 49 countries.
Contact for journalists
Hannes Boekhoff
Vice President Media Relations
Continental AG
Vahrenwalder Str. 9
30165 Hanover, Germany
Phone: + 49 (0) 511 938 1278
Fax: +49 (0) 511 938 1016
E-mail: [email protected]
Antje Lewe
Spokeswoman, Business & Finance
Continental AG
Vahrenwalder Str. 9
30165 Hanover, Germany
Phone: + 49 (0) 511 938 1364
fax: +49 (0) 511 938 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 Press Portal: http://www.continental-press.com
Financial Reports: http://www.continental-ir.de
Online Media Database: http://www.mediacenter.continental-corporation.com
Online Video Portal: http://videoportal.continental-corporation.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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