Corporate | 14 January 2013 08:31
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Continental AG / Key word(s): Miscellaneous
– Automotive supplier publishes initial key figures for fiscal 2012 – Sales increase to around EUR32.7 billion – Adjusted EBIT margin increased to 10.7% – Outlook for 2013: Rise in sales of around 5% targeted Hanover, January 14, 2013. In the past fiscal year, the international automotive supplier Continental again exceeded its targets. Despite slumping auto markets in Europe, the corporation boosted 2012 sales by more than 7% to approximately EUR32.7 billion. At around 10.7%, the adjusted EBIT margin topped the previous year's very good figure of 10.1%. 'Although indicators on the auto markets are more guarded at present than they were a year ago, we are aiming for sales growth of around 5% to more than EUR34 billion in 2013. The adjusted EBIT margin is expected to remain above 10%,' said Dr. Elmar Degenhart, Chairman of the Executive Board of Continental, in Monday's disclosure of initial preliminary key figures, made at the Detroit Auto Show in the US. 'In 2013, we expect global production of passenger cars with a gross weight of up to six tons to increase from around 80 million units in 2012 to a mere 82 million. There is, however, still a great deal of uncertainty regarding the course of passenger car production and other of Continental's key sales markets,' commented Degenhart, adding: 'We shall very likely not quite be able to hold to our tempo in the successful year 2012. To be sure, we already came very close to meeting many of our medium-term financial targets in 2012. In any event, we shall further reduce our indebtedness in the current year.' On March 7, 2013, the international automotive supplier will present preliminary business figures at the Annual Press Conference in Frankfurt/Main. With preliminary sales of EUR32.7 billion in 2012, 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 170,000 employees in 46 countries.
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
Online media database: www.mediacenter.continental-corporation.com
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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: | ir@conti.de | |
| 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; Luxembourg, SIX | |
| End of News | DGAP News-Service |
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| 198915 14.01.2013 |