Corporate | 11 January 2016 08:30
Targets for 2015 Comfortably Achieved: Continental Posts Good Performance in Challenging Environment
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DGAP-News: Continental AG / Key word(s): Preliminary Results
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
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2016-01-11 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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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; SIX | |
| End of News | DGAP News Service |