DGAP-News: Successful Start to New Fiscal Year for Continental

- Automotive supplier releases key data at its Annual Shareholders' Meeting
- Sales rise by 11.7 percent to EUR11 billion in first quarter
- The adjusted operating result (adjusted EBIT) is around EUR1.2 billion (margin: 10.7 percent)
- The technology company is confident of comfortably achieving its ambitious annual targets

Hanover, April 28, 2017. 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 EUR11 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 EUR1.2 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 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 EUR40.5 billion and currently employs more than 227,000 people in 56 countries.

Press contact

Henry Schniewind
Spokesman, Business & Finance
Continental AG
Phone: +49-511-938-1278
Cell: +49-1516-886-4262
E-mail: [email protected]

Vincent Charles
Head of Media Relations
Continental AG
Phone: +49-511-938-1364
Cell: +49-173-314-5096
E-Mail: [email protected]

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

Links

Press portal:
http://www.continental-press.com
Financial reports:
http//www.continental-ir.com
Video portal:
http://videoportal.continental-corporation.com/

Media database: www.continental-mediacenter.com