26.04.2019 Continental AG  DE0005439004

DGAP-News: Solid First Quarter in Weak Market Environment


 

DGAP-News: Continental AG / Key word(s): Preliminary Results
Solid First Quarter in Weak Market Environment

26.04.2019 / 08:30
The issuer is solely responsible for the content of this announcement.


Solid First Quarter in Weak Market Environment

- Key data published at its Annual Shareholders' Meeting
- Market continues downward trend at start of year as expected
- Supported by strong market position: first quarter sales at EUR11.0 billion on par with prior year level
- Adjusted EBIT at EUR884 million (margin: 8.1 percent)
- Technology company continues to expect market upturn in second half-year and thus maintains its annual guidance
- Partial IPO of powertrain business: expected to be ready by the end of second half-year. Start of trading possible from 2020

Hanover, April 26, 2019. Continental has managed a solid start to the new business year. Thanks to its technology portfolio, the company has been able to distance itself from the substantial downward trend on the market. At EUR11.0 billion, sales were on par with the prior year level. The adjusted EBIT margin was 8.1 percent (adjusted EBIT: EUR884 million).

At the DAX company's Annual Shareholders' Meeting in Hanover on Friday, Continental's CEO Dr. Elmar Degenhart was satisfied with the results for the quarter: "Global car production was down substantially at the beginning of the year, as expected. That is why our solid results are all the more gratifying, thanks to our strong market position on the mobility markets worldwide. Our increased cost discipline also contributed to this achievement."

In the first three months of 2019, global automobile production was down by more than 6 percent year-on-year, according to preliminary figures. In contrast, the technology company's organic growth (before changes in the scope of consolidation and exchange-rate effects) was down by only 2 percent.

Continental continues to expect a market upturn in the second half of the year and is thus maintains its annual guidance issued at the beginning of January.

In the current fiscal year, Continental is laying further important groundwork for its organizational realignment announced last July. A crucial part of this is the transformation of its powertrain business into an independent group of legal entities, which Continental completed on schedule on January 1, 2019.

Since then, Continental has continued preparing for the possible partial IPO of its powertrain business, which in the future will be called Vitesco Technologies. It is expected that the necessary conditions will be fulfilled toward the end of the second half of the year so that additional details can be provided to the capital markets. Once further technical and regulatory requirements have been completed, the company will be in a position to finalize the partial IPO. Depending on the market situation, this is expected from 2020.
 

Key Figures for the Continental Corporation, 1st Quarter 2019

  January 1 to March 31  
EUR millions 2019 2018  in %
Sales 11,046.7 11,012.7 0.3
Adjusted operating result (adjusted EBIT)1 884.2 1,066.2 -17.1
in % of adjusted sales 8.1 9.7  
 

1Before amortization of intangible assets from purchase price allocation (PPA), changes in the scope of consolidation, and special effects.

Continental will present its business figures for the first quarter of 2019 on May 9.

For more information about the Annual Shareholders' Meeting, please visit: www.continental.com/asm

Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. In 2018, Continental generated sales of EUR44.4 billion and currently employs around 245,000 people in 60 countries and markets.

 

Press contact

Henry Schniewind
Spokesman, Business & Finance
Continental
Phone: +49 511 938-1278
Cell: +49 151 688 64 262
E-mail: [email protected]

Vincent Charles
Head of Media Relations
Continental
Phone: +49 511 938-1364
Mobile: +49 173 314 5096
E-mail: [email protected]

Press portal www.continental-press.com
Media center www.continental.com/media-center
Annual Shareholders' Meeting www.continental.com/asm
Quarterly reports www.continental.com/quarterly-results



26.04.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory 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.continental-corporation.com/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; Luxembourg Stock Exchange, SIX
EQS News ID: 803777

 
End of News DGAP News Service

803777  26.04.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 44.009,50 44.404,40 44.478,40 37.722,30 33.765,20 39.408,90 41.420,50
EBITDA1,2 6.678,90 6.235,70 4.977,20 3.033,80 4.260,80 3.966,00 4.078,90
EBITDA-Marge3 15,18 14,04 11,19 8,04 12,62 10,06
EBIT1,4 4.561,50 4.027,70 -268,30 -718,10 1.845,80 754,80 1.853,80
EBIT-Marge5 10,36 9,07 -0,60 -1,90 5,47 1,92 4,48
Jahresüberschuss1 3.048,30 2.958,30 -1.225,00 -918,80 1.506,90 112,20 1.193,90
Netto-Marge6 6,93 6,66 -2,75 -2,44 4,46 0,28 2,88
Cashflow1,7 5.220,50 4.977,20 4.414,40 2.714,00 2.954,40 2.295,50 3.327,60
Ergebnis je Aktie8 14,92 14,49 -6,13 -4,81 7,28 0,33 5,78
Dividende8 4,50 4,75 3,00 0,00 2,20 1,50 4,25
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Continental
WKN Kurs in € Einschätzung Börsenwert in Mio. €
543900 67,220 Halten 13.444,40
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,21 12,85 0,71 10,23
KBV KCV KUV EV/EBITDA
1,02 4,04 0,32 4,29
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
1,50 2,20 3,27 26.04.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
08.05.2024 07.08.2024 11.11.2024 07.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-7,38% -3,48% -12,61% 2,07%
    
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Automobilzulieferer , 543900 , CON , XETR:CON