Corporate | 13 January 2014 08:33
|
Continental AG / Key word(s): Miscellaneous
Continental Posts Further Growth in 2013 and Exceeds Target for Adjusted EBIT – International Automotive supplier publishes provisional key figures for fiscal 2013 – Sales climb to around EUR33.3 billion despite substantial negative exchange rate effects – Outlook for 2014: Sales increase of around 5% targeted Hanover, January 13, 2014. With an adjusted EBIT margin of 11.2%, the Continental Corporation significantly exceeded its target for fiscal 2013. Sales of the international automotive supplier, tire manufacturer, and industry partner increased slightly year-on-year to approximately EUR33.3 billion in 2013. ‘Our strong commitment has paid off: We were able to more than offset the economic limitations in Southern Europe and some emerging markets. Our success was achieved in spite of considerable negative exchange rate effects due to the strong euro, which amounted to over EUR700 million. The adjusted EBIT of EUR3.7 billion represents an extremely strong performance by the whole Continental team. In 2013 we therefore achieved an impressive continuation of the successful path we have been pursuing for years,’ said Continental’s CEO Dr. Elmar Degenhart at the announcement of the provisional key figures on Monday during the Auto Show in Detroit, U.S.A. ‘In 2014, we expect global production of cars with a total weight of up to six metric tons to increase from around 83 million units in 2013 to more than 85 million units. We want to grow faster than the global passenger car market and are aiming to increase sales by around 5% to approximately EUR35 billion. At the same time, we want to comfortably achieve a double-digit adjusted EBIT margin,’ stated Degenhart. Continental will present the provisional business figures on March 6, 2014, in Frankfurt/Main. With provisional 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 has more than 177,000 employees in 46 countries. Contact for journalists
Dr. Felix Gress
Links
End of Corporate News 13.01.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| 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; Luxemburg, SIX | |
| End of News | DGAP News-Service |
|
|
| 247691 13.01.2014 |