DGAP-News: Continental AG / Key word(s): Miscellaneous
2015-01-12 / 08:30
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* Automotive supplier publishes preliminary key figures for 2014 fiscal
year
* Sales grow to around EUR34.5 billion despite negative exchange rate
effects
* Outlook for 2015: aim to increase sales by approximately 5%
Hanover, January 12, 2015. In the 2014 fiscal year, the Continental
Corporation secured a margin exceeding 11% for its adjusted EBIT, despite
the pronounced weakness of Europe's replacement tire market in fourth
quarter. Sales of the international automotive supplier, tire manufacturer,
and industrial partner grew in comparison with the previous year, reaching
a figure of approximately EUR34.5 billion. Exchange rate effects amounting
to around EUR500 million had a negative impact on sales.
"All in all, we systematically continued along our successful path last
year despite the weak growth in Europe, Russia, and South America. We
achieved this in spite of the further uncertainty added to the already
volatile market development as a result of considerable exchange rate
fluctuations in some cases or, as seen recently, the drop in the price of
oil. The adjusted EBIT exceeding EUR3.8 billion is further proof of the
outstanding performance achieved yet again by our more than 190,000
employees," said Chairman of the Continental Executive Board Dr. Elmar
Degenhart on Monday during the announcement of preliminary key figures at
the motor show in Detroit, U.S.A.
"For 2015, we expect global production figures for passenger cars with a
gross vehicle weight rating up to 6 metric tons to increase moderately once
again, rising from around 87 to roughly 89 million vehicles. We are
therefore aiming for sales growth of around 5% to a figure exceeding EUR36
billion. With this, we want to once again securely confirm our double-digit
adjusted EBIT margin," added Degenhart, also noting that the consolidation
effects from the Veyance acquisition have not been taken into consideration
in this outlook.
Continental will present its preliminary business figures on March 5, 2015,
during its first entirely digital 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 2014, the corporation
generated preliminary sales of approximately EUR34.5 billion with its five
divisions, Chassis & Safety, Interior, Powertrain, Tire, and ContiTech.
Continental employs more than 190,000 people in 49 countries.
Contact for journalists
________________________________________
Dr. Felix Gress
Head of Corporate Communications
& Public Affairs
Continental AG
Phone: +49 511 938-1485
E-mail: prkonzern@conti.de
Hannes Boekhoff
Vice President Media Relations
Continental AG
Phone: +49 511 938-1278
Cell: +49 (0) 170 762 73 26
E-mail: hannes.boekhoff@conti.de
________________________________________
This press release is available in the following languages: Chinese, Czech,
Dutch, English, French, German, Hungarian, Japanese, Korean, Portuguese
(Brazil), Portuguese (Portugal), Romanian, Russian, Slovakian, Spanish
Links
________________________________________
Online press portal: www.continental-presse.de
Financial reports: www.continental-ir.de
Media database: www.continental-mediacenter.com
Video portal: videoportal.continental-corporation.com
________________________________________
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2015-01-12 Dissemination of a Corporate News, transmitted by DGAP - a
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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; Luxemburg, SIX
End of News DGAP News-Service
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