DGAP-News: Continental AG: Continental Has A Very Good Start to 2012
(firmenpresse) - DGAP-News: Continental AG / Key word(s): Quarter Results
Continental AG: Continental Has A Very Good Start to 2012
27.04.2012 / 08:48
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Press Release
Continental Has A Very Good Start to 2012
- Sales of EUR8.3 billion / EBIT of EUR766 million
- Automotive supplier lays foundation for comfortably achieving its goals
for the year
Hanover, April 27, 2012. The Continental Corporation succeeded in having a
very good start to 2012: First quarter sales saw double-digit year-on-year
growth to EUR8.3 billion and thus were again much stronger than the
automotive and tire markets. At EUR766 million, reported EBIT substantially
exceeded the previous year's figure as well as the figure from the fourth
quarter of 2011. With a margin of 10.6%, adjusted EBIT before
acquisition-related amortization and special effects amounted to roughly
EUR875 million, after EUR734 million last year. The international
automotive supplier presented these key figures on the occasion of its
Annual Shareholders' Meeting in Hanover on Friday. The complete report on
the first quarter of 2012 will be published on May 3.
'The successful start to the new year makes us confident that we will
comfortably achieve the goals we set ourselves for this year. We are
assuming that global production of light vehicles with a total weight of up
to six tons will be able to reach 79 million vehicles worldwide,' said
Continental CEO Dr. Elmar Degenhart. In 2012, Continental intends to boost
its sales by more than 5% to over EUR32 billion and maintain its high
adjusted EBIT margin from 2011 in 2012 as well.
With sales of EUR30.5 billion in 2011, 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 has approximately 167,000 employees in
46 countries.
Dr. Felix GressDatabase on the Internet: www.mediacenter.continental-corporation.com
Senior Vice Hannes Boekhoff
Vice President for
Presidentof Corporate Media Relations
Continental
Communications
Continental AG
Vahrenwalder Strasse 9
30165
AG
Vahrenwalder Strasse 9
30165 Hanover, Germany
Tel.: +49 (0) 511 938-
Hanover, Germany
Tel.: +49 (0) 511 1278
Fax: +49 (0) 511 938-
938-1485 Fax: - 1016
Corporate-Media-
1055
prkonzern(at)conti.de Relations(at)conti.de
Financial reports: www.continental-ir.de
End of Corporate News
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27.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Continental AGVahrenwalder Straße 9
30165 Hannover
Germany
Phone: +49 (0)511 938-1068
Fax: +49 (0)511 938-1080
E-mail: ir(at)conti.de
Internet: www.conti.de
ISIN: DE0005439004
WKN: 543900
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg,
Hannover, Stuttgart; Freiverkehr in Berlin, Düsseldorf,
München; Terminbörse EUREX; Luxembourg, SIX
End of News DGAP News-Service
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Datum: 27.04.2012 - 02:48 Uhr
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