Continental AG

Earnings Release • Jan 11, 2016

News Details

Corporate | 11 January 2016 08:30

Targets for 2015 Comfortably Achieved: Continental Posts Good Performance in Challenging Environment

DGAP-News: Continental AG / Key word(s): Preliminary Results

2016-01-11 / 08:30

The issuer is solely responsible for the content of this announcement.

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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

Vice President, Media Relations

Continental AG

Phone: +49 511 938-1278

Mobile: +49 170 762 73 26

E-mail: hannes.boekhoff@conti.de

Vincent Charles

Spokesman, Business & Finance Continental AG

Phone: +49 511 938-1364

Mobile: +49 173 314 50 96

E-mail: vincent.charles@conti.de

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

Links

Press portal:

www.continental-press.com

Financial reports:

www.continental-ir.com

Video portal:

http://videoportal.continental-corporation.com/

Media database:

www.continental-mediacenter.com

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2016-01-11 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Media archive at www.dgap-medientreff.de and www.dgap.de

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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