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Continental Aktiengesellschaft Vahrenwalder Straße 9 30165 Hannover, Germany http://www.continental.com/de
Contact Ms Kristin Bartels +49 511 9381794
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Continental Aktiengesellschaft

Continental Enjoys Positive Start to 2015

(PresseBox) (Hannover, )
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- Sales grow 14 percent to €9.6 billion in first quarter
- Automotive supplier publishes key data at its annual shareholders' meeting
- Adjusted EBIT at around €1 billion


As anticipated, the Continental Corporation has had a positive start to 2015. In the first quarter of 2015, the sales of the international automotive supplier, tire manufacturer and industrial partner climbed by 14 percent year-on-year to around €9.6 billion. Adjusted EBIT rose to around €1 billion. Integration costs and one-time expenses for Veyance of €37 million had a negative effect on the company results in the first quarter.

"Given the still only sluggish development in our sales markets, the start to the current year was very encouraging. We anticipate that the replacement tire market in Europe will improve in the quarters ahead. As a result of the positive development in new registrations particularly in Western Europe, we also expect an increase in the number of passenger cars produced. Accordingly, our sales and earnings will also continue to improve in the coming quarters," said Continental CEO Dr. Elmar Degenhart on Thursday at the Annual Shareholders' Meeting in Hanover when presenting the key data for the first three months.

Continental will present its figures for the first quarter of 2015 on May 7.

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Continental Aktiengesellschaft

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 sales of approximately €34.5 billion with its five divisions Chassis & Safety, Interior, Powertrain, Tires, and ContiTech. Continental currently employs approximately 200,000 people in 53 countries.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.