18.04.2018
Continental AG DE0005439004
DGAP-Adhoc: Continental AG: Change of Outlook for FY 2018
DGAP-Ad-hoc: Continental AG / Key word(s): Profit Warning
Continental AG: Change of Outlook for FY 2018
18-Apr-2018 / 10:49 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Exchange rate and inventory valuation effects will impact earnings by around
EUR150 million in H1 2018. This negative impact affects primarily the tire
business. Accordingly, the adjusted operating result (adjusted EBIT*) for Q1
2018 in the Rubber Group will be about EUR100 million lower than in the
respective period of the prior year.
At present, we do not assume that we will be able to compensate for these
negative effects in the Rubber Group over the course of the year. We are
therefore lowering our outlook for the adjusted EBIT margin of the Rubber
Group from about 15% to more than 14% for 2018.
For the corporation, this also results in a decrease in the forecast of the
adjusted EBIT margin from about 10.5% to more than 10%. All other elements
of the outlook we published on March 8, 2018 remain unchanged.
Continental will publish initial key data (consolidated sales and EBIT*) for
Q1 2018 on the occasion of its Annual Shareholders' Meeting on April 27,
2018. The financial report for Q1 2018 will be published on May 8, 2018.
"EBIT adjusted", "EBIT" as defined in the annual report 2017, pp 38/39
(Glossary of financial terms). Download under www.continental-ir.com
Contact:
Person making the notification: Rolf Woller, Head of IR
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Announcements, Financial/Corporate News and Press Releases.
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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: Regulated Market in Frankfurt (Prime Standard), Hamburg,
Hanover, Stuttgart; Regulated Unofficial Market in Berlin,
Dusseldorf, Munich, Tradegate Exchange; Luxemburg, SIX
End of Announcement DGAP News Service
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675745 18-Apr-2018 CET/CEST
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