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| Datum : | 25.04.2014 |
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DGAP-News: Continental Raises Outlook after Good Start |
| Meldung : | DGAP-News: Continental AG / Key word(s): Quarter Results/Change in Forecast Continental Raises Outlook after Good Start 25.04.2014 / 08:30 --------------------------------------------------------------------- Continental Raises Outlook after Good Start - Automotive supplier publishes key data for first quarter of 2014 - Sales grow by 4.4% to around EUR8.4 billion - Adjusted EBIT at EUR953 million Hanover, Germany, April 25, 2014. The Continental Corporation has had a successful start to the new year and is raising its outlook for adjusted EBIT. "For fiscal 2014 we intend to comfortably achieve an adjusted EBIT margin of 10.5% instead of the originally advised 10.0%," announced Continental's CEO Dr. Elmar Degenhart on Friday at the Annual Shareholders' Meeting in Hanover when presenting the key data for the first three months. In the first quarter of 2014, the sales of the international automotive supplier, tire manufacturer, and industrial partner was up by a good 4% year-on-year to around EUR8.4 billion. Adjusted EBIT rose by nearly 20% to approximately EUR953 million. "All of our five divisions contributed to our successful start to the year. Sales and adjusted EBIT are clearly above the same quarter of the previous year. However, the first quarter of the past year presented an easy basis of comparison. Nonetheless, we are confident that we can maintain the current momentum, as the positive trend of the first three months appears to be continuing in the second quarter," said Degenhart. He added: "Our sales were again heavily impacted by exchange rate effects in the first quarter. Adjusted for these effects and changes in the scope of consolidation, sales climbed by 8.3%." Continental will present its figures for the first quarter of 2014 on May 6. With 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 employs around 182,000 people in 49 countries. Contact for journalists Hannes Boekhoff Vice President Media Relations Continental AG Vahrenwalder Str. 9 30165 Hanover, Germany Phone: + 49 (0) 511 938 1278 Fax: +49 (0) 511 938 1016 E-mail: corporate-media-relations@conti.de Antje Lewe Spokeswoman, Business & Finance Continental AG Vahrenwalder Str. 9 30165 Hanover, Germany Phone: + 49 (0) 511 938 1364 fax: +49 (0) 511 938 1016 E-mail: corporate-media-relations@conti.de 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 Links Online Press Portal: http://www.continental-press.com Financial Reports: http://www.continental-ir.de Online Media Database: http://www.mediacenter.continental-corporation.com Online Video Portal: http://videoportal.continental-corporation.com/ End of Corporate News --------------------------------------------------------------------- 25.04.2014 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. --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 264658 25.04.2014 |
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