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Press release Box-ID: 850046

Continental Aktiengesellschaft Vahrenwalder Straße 9 30165 Hannover, Germany http://www.continental.com/de
Contact Mr Vincent Charles +49 511 9381364
Company logo of Continental Aktiengesellschaft
Continental Aktiengesellschaft

Successful Start to New Fiscal Year for Continental

(PresseBox) ( Hannover, )
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Automotive supplier releases key data at its Annual Shareholders’ Meeting



Sales rise by 11.7 percent to €11 billion in first quarter



The adjusted operating result (adjusted EBIT) is around €1.2 billion (margin: 10.7 percent)



The technology company is confident of comfortably achieving its ambitious annual targets


Technology company Continental has announced that it has made a successful start to the new fiscal year. In the first quarter of 2017, the international automotive supplier, tire manufacturer, and industrial partner significantly boosted its sales by 11.7 percent year on year to €11 billion. Organic growth adjusted for changes in the scope of consolidation and exchange rates amounted to 9.5 percent, to which the business of the Automotive Group made a considerable contribution. The adjusted operating result (adjusted EBIT) increased to around €1.2 billion, while the adjusted EBIT margin was 10.7 percent.

“Continental made a very good start to the new fiscal year in a volatile environment. Despite increased raw material costs, all indications are that we will comfortably achieve the ambitious targets we set ourselves for 2017,” said Continental’s chairman of the Executive Board, Dr. Elmar Degenhart, on the presentation of the key data for the first three months of the current fiscal year at today’s Annual Shareholders’ Meeting in Hanover.

Continental will present its business figures for the first quarter of 2017 on May 9.

Continental Aktiengesellschaft

Continental develops pioneering technologies and services for sustainable and networked mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transport. In 2016, Continental generated sales of €40.5 billion and currently employs more than 227,000 people in 56 countries.

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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound 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.