The figures point to a good start to 2012, says Conti
At its Annual Shareholders’ Meeting on 27 April, the Continental Corporation reported a “very good start” to this year. During the first quarter of 2012, the company experienced a double-digit year-on-year growth in sales to 8.3 billion euros, with sales in both its tyre and automotive markets stronger. Reported EBIT, at 766 million euros, exceeded the previous year’s figure considerably, and with a margin of 10.6 per cent, adjusted EBIT before acquisition-related amortisation and special effects amounted to roughly 875 million euros, up from last year’s figure of 734 million euros. Continental will publish its first quarter report in full on 3 May.
“The successful start to the new year makes us confident that we will comfortably achieve the goals we set ourselves for this year,” said Continental CEO Dr. Elmar Degenhart. “We are assuming that global production of light vehicles with a total weight of up to six tons will be able to reach 79 million vehicles worldwide. In 2012, Continental intends to boost its sales by more than five per cent to over 32 billion euros and maintain its high adjusted EBIT margin from 2011 in 2012 as well.”