CONTINENTAL AG (FRA:CON) Continental AG: Outlook on Sales and Adjusted-EBIT Margin for Fiscal 2019

Transparency directive : regulatory news

14/01/2019 08:00

DGAP-Ad-hoc: Continental AG / Key word(s): Forecast
Continental AG: Outlook on Sales and Adjusted-EBIT Margin for Fiscal 2019

14-Jan-2019 / 08:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Continental AG has decided to publish its expectations for business development in a fiscal year in terms of ranges, in accordance with industry custom. The increasingly volatile market conditions and profound technological changes in the automotive industry make it ever more difficult to precisely forecast the business development over a one-year period.

Based on current market expectations for the current fiscal year, Continental expects consolidated sales in the range of approximately EUR45 to EUR47 billion and an adjusted EBIT margin in the range of approximately 8% to 9%.

In comparison, according to preliminary key data, fiscal 2018 sales were around EUR44.4 billion and the fiscal 2018 adjusted EBIT margin was around 9.2%. With average analyst estimates for the current fiscal year's adjusted EBIT margin at approximately the same level as the preliminary adjusted EBIT margin for 2018, substantial parts of the expected adjusted EBIT margin range for the current fiscal year therefore lie below analyst expectations.

Continental will release its full outlook for the current fiscal year as well as preliminary 2018 business figures on March 7, 2019, as part of its annual financial press conference to be broadcasted online.




Contact:
Person making the notification: Bernard Wang, Head of IR

14-Jan-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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, Tradegate Exchange; Luxembourg Stock Exchange, SIX

 
End of Announcement DGAP News Service

765561  14-Jan-2019 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=765561&application_name=news&site_id=symex

CONTINENTAL AG's latest news



Other stories

22/01/2019 19:17
22/01/2019 11:50
22/01/2019 17:33
22/01/2019 13:14
22/01/2019 21:32
22/01/2019 18:56
22/01/2019 19:16
22/01/2019 09:00
22/01/2019 21:19
22/01/2019 12:32
22/01/2019 22:10
22/01/2019 17:27
22/01/2019 21:48
22/01/2019 10:46
22/01/2019 17:03
22/01/2019 14:46
22/01/2019 17:00
21/01/2019 15:44
22/01/2019 20:36
22/01/2019 19:55
22/01/2019 19:21
22/01/2019 18:56
22/01/2019 18:17
22/01/2019 11:59
22/01/2019 20:30
22/01/2019 10:16
22/01/2019 20:52
22/01/2019 19:50
22/01/2019 16:09
22/01/2019 19:53
21/01/2019 13:50
22/01/2019 19:05
22/01/2019 19:32
22/01/2019 21:44
22/01/2019 11:17
22/01/2019 17:44