Corporate | 30 April 2015 08:30


Continental Enjoys Positive Start to 2015


Continental AG / Key word(s): Quarter Results

2015-04-30 / 08:30

Continental Enjoys Positive Start to 2015

– Sales grow 14 percent to EUR9.6 billion in first quarter
– Automotive supplier publishes key data at its annual shareholders’ meeting
– Adjusted EBIT at around EUR1 billion

Hanover, April 30, 2015. As anticipated, the Continental Corporation has had a positive start to 2015. In the first quarter of 2015, the sales of the international automotive supplier, tire manufacturer and industrial partner climbed by 14 percent year-on-year to around EUR9.6 billion. Adjusted EBIT rose to around EUR1 billion. Integration costs and one-time expenses for Veyance of EUR37 million had a negative effect on the company results in the first quarter.

“Given the still only sluggish development in our sales markets, the start to the current year was very encouraging. We anticipate that the replacement tire market in Europe will improve in the quarters ahead. As a result of the positive development in new registrations particularly in Western Europe, we also expect an increase in the number of passenger cars produced. Accordingly, our sales and earnings will also continue to improve in the coming quarters,” said Continental CEO Dr. Elmar Degenhart on Thursday at the Annual Shareholders’ Meeting in Hanover when presenting the key data for the first three months.

Continental will present its figures for the first quarter of 2015 on May 7.


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 2014, the corporation generated sales of approximately EUR34.5 billion with its five divisions Chassis & Safety, Interior, Powertrain, Tires, and ContiTech. Continental currently employs approximately 200,000 people in 53 countries.


Press contact

Hannes Boekhoff
Vice President, Media Relations
Continental AG
Phone: +49 (0) 511 938-1278
Cell: +49 (0) 170 762 73 26
E-mail: hannes.boekhoff@conti.de

Vincent Charles
Spokesman Business & Finance
Continental AG
Phone: +49 (0) 511 938-1364
Cell: +49 (0) 173 314 50 96
E-mail: vincent.charles@conti.de


This press release is available in the following languages: German, English

Press portal: www.continental-presse.de
Financial reports: http://www.continental-ir.com
Video portal: http://videoportal.continental-corporation.com
Media database: http://www.continental-mediacenter.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: Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich; Terminbörse EUREX; Luxemburg, SIX
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