11.01.2016
Continental AG DE0005439004
DGAP-News: Targets for 2015 Comfortably Achieved: Continental Posts Good Performance in Challenging Environment
DGAP-News: Continental AG / Key word(s): Preliminary Results
Targets for 2015 Comfortably Achieved: Continental Posts Good Performance in
Challenging Environment
11.01.2016 / 08:30
The issuer is solely responsible for the content of this announcement.
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Targets for 2015 Comfortably Achieved: Continental Posts Good Performance
in Challenging Environment
- Automotive supplier publishes preliminary key data for fiscal 2015
- Sales up 14 percent to about EUR39.2 billion
- Adjusted EBIT of EUR4.4 billion generated (margin 11.7 percent)
- Outlook for 2016: targeted increase in sales of around 5 percent to
approximately EUR41 billion
Hanover, January 11, 2016. The Continental Corporation can look back at a
successful fiscal 2015. With sales of about EUR39.2 billion and an adjusted
EBIT margin of 11.7 percent, the technology company comfortably achieved
its targets for the year.
"In 2015, we continued to generate profitable growth in a generally
challenging environment. Market growth in Europe and the U.S.A. helped us
to compensate for slower growth in China, major recessions in Russia and
Brazil, and the decline in industrial business, particularly in the raw
materials sector. Once again, we could rely on the hard work demonstrated
by our employees around the world, who now number more than 208,000," said
Continental Executive Board chairman Dr. Elmar Degenhart on Monday at the
announcement of the preliminary key data during the North American
International Auto Show in Detroit, Michigan, U.S.A.
"In 2016, we expect global production of passenger cars and light
commercial vehicles with a total weight of up to six tons to increase
slightly from around 88 million vehicles to 89 million. We anticipate a
sales increase of around 5 percent to approximately EUR41 billion. We aim
to maintain our adjusted EBIT margin again at more than 10.5 percent,"
Degenhart added.
Continental will present its preliminary business figures on March 3, 2016,
at another digital-only financial press conference.
Continental develops intelligent technologies for transporting people and
their goods. As a reliable partner, the international automotive supplier,
tire manufacturer, and industrial partner provides sustainable, safe,
comfortable, individual, and affordable solutions. In 2015, the corporation
generated preliminary sales of approximately EUR39.2 billion with its five
divisions, Chassis & Safety, Interior, Powertrain, Tires, and ContiTech.
Continental employs more than 208,000 people in 53 countries.
Press contact
Hannes Boekhoff
Vice President, Media Relations
Continental AG
Phone: +49 511 938-1278
Mobile: +49 170 762 73 26
E-mail: [email protected]
Vincent Charles
Spokesman, Business & Finance Continental AG
Phone: +49 511 938-1364
Mobile: +49 173 314 50 96
E-mail: [email protected]
This press release is available in the following languages: German, English
Links
Press portal:
www.continental-press.com
Financial reports:
www.continental-ir.com
Video portal:
http://videoportal.continental-corporation.com/
Media database:
www.continental-mediacenter.com
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11.01.2016 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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; Terminbörse EUREX; SIX
End of News DGAP News Service
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428127 11.01.2016
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