Continental AG

Earnings Release • Sep 13, 2008

News Details

Ad-hoc | 13 September 2008 12:01

Continental AG:Automotive supplier adapts outlook in response to the worsening economic environment

Continental AG / Profit Warning

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

Hanover, September 13, 2008. In view of the substantial worsening of the
economic environment on the vehicle markets in North America and Europe in
the third quarter and the unchanged high burdens from increased raw
material cost, Continental AG, Hanover, no longer expects at present to
fully attain the goals it set for fiscal 2008. Conditions have in part
worsened significantly, especially in the automotive divisions, compared to
the good development in the first six months of the current fiscal year.
The rubber divisions are affected as well but not to the same extent.

From the current standpoint, an EBIT margin of around 8.5% is expected for
fiscal 2008. This EBIT-margin is before the adjustment for amortization
resulting from the purchase price allocation as well as integration and
restructuring expense.

It should be noted positively that the planned reduction of indebtedness
will be supported additionally by the high conversion rate that occurred in
September for the convertible bond due in May 2011. As of today, more than
80% of the amount that was outstanding at the end of 2007, €377.1 million,
has been converted.

A comprehensive interim reporting with more detailed statements will be
provided when the figures for the first nine months are released on October
30, 2008.
13.09.2008 Financial News transmitted by DGAP

---

Language: English
Issuer: Continental AG
Vahrenwalder Straße 9
30165 Hannover
Deutschland
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), Hannover,
Hamburg, Luxembourg, Stuttgart; Freiverkehr in Berlin,
München, Düsseldorf; Terminbörse EUREX; Foreign Exchange(s)
SWX, Wien

End of News DGAP News-Service

---