2012 Another Record Year for Continental

(PresseBox) (Hannover, ) .
- Automotive supplier publishes initial key figures for fiscal 2012
- Sales increase to around €32.7 billion
- Adjusted EBIT margin increased to 10.7%
- Outlook for 2013: Rise in sales of around 5% targeted

In the past fiscal year, the international automotive supplier Con-tinental again exceeded its targets. Despite slumping auto markets in Europe, the corporation boosted 2012 sales by more than 7% to approximately €32.7 billion. At around 10.7%, the adjusted EBIT margin topped the previous year's very good figure of 10.1%. "Although indicators on the auto markets are more guarded at present than they were a year ago, we are aiming for sales growth of around 5% to more than €34 billion in 2013. The adjusted EBIT margin is expected to remain above 10%," said Dr. Elmar Degenhart, Chairman of the Executive Board of Continental, in Monday's disclosure of initial preliminary key figures, made at the Detroit Auto Show in the US.

"In 2013, we expect global production of passenger cars with a gross weight of up to six tons to increase from around 80 million units in 2012 to a mere 82 million. There is, however, still a great deal of uncertainty regarding the course of passenger car production and other of Continental's key sales markets," commented Degenhart, adding: "We shall very likely not quite be able to hold to our tempo in the successful year 2012. To be sure, we already came very close to meeting many of our medium-term financial targets in 2012. In any event, we shall further reduce our indebtedness in the current year."

On March 7, 2013, the international automotive supplier will present preliminary business figures at the Annual Press Conference in Frankfurt/Main.


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