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You are here: Home1 / Elmar Degenhart

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Continental “comfortably achieves” 2016 targets

Company News

Key preliminary data for Continental’s 2016 financial year has been published, and this shows an increase in both sales and EBIT margin. Reported sales rose three per cent year-on-year to around €40.5 billion, and adjusted EBIT margin amounted to some 10.7 per cent. Upon announcing these results today, Continental wrote that the company “comfortably achieved” its annual targets as adjusted in October 2016.

Read more

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  1. Continental discussing ‘need for action’ with employee representatives
  2. Continental names top 2013 suppliers
  3. Continental raises EBIT forecast, increases income in Q2
  4. Design chosen for Continental’s new headquarters
9th January 2017/by admin

Continental renews HR head Reinhart’s contract

Career Tracks

At its meeting on 13 December, the Continental AG Supervisory Board approved a five-year contract extension for Dr Ariane Reinhart, the company’s head of human resources and labour relations. Her tenure in the role is now secure up to September 2022.

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Related news:

  1. Reinhart confirmed as Continental’s new HR head
  2. Continental bosses lay foundation stone for new HQ
  3. Continental withdraws outlook for ‘uncertain’ 2020
  4. Revisiting the past for a better future – Continental looks at Nazi era activities
15th December 2016/by admin

Automotive Group drags down Continental’s Q3 2016 earnings

Company News

While Continental achieved moderate sales growth in the third quarter of 2016, the company reports that “several isolated and unrelated circumstances” in its Automotive divisions had a “negative impact on earnings.”

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Related news:

  1. Continental Q1 2015 sales up 14% to €9.6 billion
  2. Continental raises EBIT margin forecast to 11%
  3. H1 2016 results: Continental lifts full-year EBIT forecast
  4. Continental: Tyre division growth behind group average in Q1-3 2017
15th November 2016/by admin

H1 2016 results: Continental lifts full-year EBIT forecast

Company News

Germany’s Continental AG reported its financial results for the first half of 2016 this morning and, thanks to what the tyre maker and automotive systems supplier calls “excellent operating performance” within its Rubber Group, has raised its earnings forecast for the current fiscal year.

Read more

Related news:

  1. Continental Q1 2015 sales up 14% to €9.6 billion
  2. Continental raises EBIT margin forecast to 11%
  3. Continental: Tyre division growth behind group average in Q1-3 2017
  4. Continental discussing ‘need for action’ with employee representatives
3rd August 2016/by admin

Conti CEO: Brexit vote “very worrying”

Company News, International News, UK News

Leading tyre manufacturers have begun offering their responses to the UK electorate’s decision to leave the EU. Describing the trajectory of the Brexit vote as “very worrying”, Continental AG CEO Dr Elmer Degenhart commented: “Taking the pan-European context into account the vote is very worrying. ‘Everyone on his own’ does not fit the idea behind the formation of the EU and cannot be the answer to the challenges of the global competition with America and Asia.”

However, Degenhart does not expect big problems for Continental itself: “The direct economic impact on Continental is expected to be limited because currently we generate less than 3 per cent of our sales in the UK and expect to be successful in this market also in the future.”

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  2. UK Automotive industry demands Brexit safeguards
  3. So long, farewell, auf wiedersehen, goodbye EU
  4. Michelin and Pirelli lead in rubber sustainability – Context Group
24th June 2016/by admin

Continental signs MoU for new headquarters site in Hannover

Company News

In recent months Continental AG has been evaluating potential sites for its new headquarters, and has examined plots in Hannover and the nearby town of Garbsen. The company now shares that it is favouring the location near the ‘Pferdeturm’ in Hannover as the site for its future headquarters. Continental says it has officially entered concrete, detailed negotiations to this end with the city of Hannover.

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Related news:

  1. Continental breaks ground on new HQ project
  2. Continental seeking architectural concepts for new HQ
  3. Design chosen for Continental’s new headquarters
  4. Continental bosses lay foundation stone for new HQ
15th June 2016/by admin

Continental raises EBIT margin forecast to 11%

Company News

Although Continental says the economic environment in the first quarter of 2016 was as “difficult as expected,” the company reports making a good start to the year. In the three months to 31 March, the tyre maker and automotive supplier’s sales rose three per cent year-on-year to €9.85 billion, even though negative exchange-rate effects had reduced this sales growth by 2.1 percentage points. Adjusted EBIT climbed to €1.1 billion. At 11.3 per cent, the adjusted EBIT margin was higher than the previous year’s level of 10.6 per cent.

Read more

Related news:

  1. Continental raises EBIT forecast, increases income in Q2
  2. Continental Q1 2017 sales up 11.7% to €11 billion
  3. Continental: €44 billion in sales, 10.8% EBIT margin in 2017
  4. Continental: Q1 2018 sales up slightly despite exchange rate effects
6th May 2016/by admin

Continental: sales up 13.6% in 2015

Company News

Preliminary key data published today by Continental Corporation shows that the tyre and automotive systems manufacturer enjoyed both higher turnover and adjusted EBIT margin in the 2015 fiscal year. Full year sales of around 39.2 billion euros represent a year-on-year increase of 13.6 per cent, while adjusted EBIT margin rose from 11.3 per cent for the 2014 financial year to 11.7 per cent for 2015.

Read more

Related news:

  1. Continental raises EBIT forecast, increases income in Q2
  2. Continental Q1 2017 sales up 11.7% to €11 billion
  3. Continental: Net income up 2.1% despite higher in raw material costs
  4. Continental: Q1 2018 sales up slightly despite exchange rate effects
11th January 2016/by admin

Continental’s Degenhart receives University Society honour

Career Tracks

Continental AG Executive Board chairman Dr Elmar Degenhart has been awarded the Karmarsch commemorative medal by the Leibniz Universitätsgesellschaft Hannover e.V (Leibniz University Society) in Hannover, Germany. Degenhart received his honour for special services towards the promotion of technology and business.

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Related news:

  1. Reinhart confirmed as Continental’s new HR head
  2. Continental renews HR head Reinhart’s contract
  3. Tang replacing Cramer at Continental’s helm in China
  4. Continental to expand restructuring programme to save 1 billion euros by 2023
11th December 2015/by admin

Continental donates to help Syrian refugees

Company News

Tyre and automotive systems manufacturer Continental has donated €100,000 to German non-governmental aid agency Welthungerhilfe in order to support Syrian refugees now living in camps in the Middle East and Turkey. Continental shares that this donation complements activities its employees have carried out at several Continental locations.

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Related news:

  1. Continental: sales up 13.6% in 2015
  2. Continental “comfortably achieves” 2016 targets
  3. Continental to present diesel technologies at IAA
  4. Continental celebrates 50 years of tyre tests with driverless vehicles
10th December 2015/by admin

Tyre sensors to become an important part of Continental’s in-car network

Product News

Prior to the start of the IAA show, which is currently taking place in Frankfurt, Continental’s Dr Elmar Degenhart announced the introduction of new tyre-based technology. The Executive Board chairman stated: “In future we’ll build sensors into tyres that are capable of immediately sensing the texture of a road surface. In this way we will turn the tyre into an important component in our in-car sensor network.”

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Related news:

  1. Get a life – and share it with your car
  2. Continental to present diesel technologies at IAA
  3. Continental’s Degenhart receives University Society honour
  4. Continental holds HQ topping out ceremony
22nd September 2015/by admin

Continental lifts 2015 earnings forecast following H1 ‘success’

Company News

All key financial figures headed in the right direction during the first half of this year, and therefore tyre maker and automotive industry supplier Continental AG has upwardly revised its adjusted EBIT margin and free cash flow forecast for the full year.

Read more

Related news:

  1. Continental Q1 2015 sales up 14% to €9.6 billion
  2. Continental raises EBIT margin forecast to 11%
  3. H1 2016 results: Continental lifts full-year EBIT forecast
  4. Continental net income down: Raw material costs deflate tyre-related earnings
4th August 2015/by admin

Continental’s tyre business achieves 19.2% EBIT margin in Q1

Company News

Continental Corporation is increasing its sales forecast for the current fiscal year from about €38.5 billion to more than €39 billion after its sales climbed 14 per cent year-on-year to €9.6 billion and net income rose 12 per cent to €657 million in the first three months of this year.

Read more

Related news:

  1. Continental Q1 2015 sales up 14% to €9.6 billion
  2. Continental net income down: Raw material costs deflate tyre-related earnings
  3. Continental: Tyre division growth behind group average in Q1-3 2017
  4. Continental discussing ‘need for action’ with employee representatives
11th May 2015/by admin

Continental Q1 2015 sales up 14% to €9.6 billion

Company News

While Continental will present its figures for the first quarter of 2015 on Thursday, the company has already published some details of what it calls a “positive start” to the year. In the three months to 31 January, the tyre maker and automotive supplier’s sales rose 14 per cent year-on-year to around €9.6 billion. Adjusted EBIT increased to approximately €1 billion. Integration costs and one-time expenses for Veyance of €37 million had a negative effect on the company results in the first quarter.

Read more

Related news:

  1. Third-quarter income up 14.1 per cent at Continental
  2. Continental lifts 2015 earnings forecast following H1 ‘success’
  3. Continental: Tire division sales, EBIT lower in H1 2018
  4. Continental discussing ‘need for action’ with employee representatives
4th May 2015/by admin

Continental open to working with Apple on ‘iCar’ – but lowers expectation for electric car uptake

Company News

Millions can’t imagine life without their iPhone and iPad, and now a watch is tempting the hearts, minds and wallets of Apple devotees around the world. And if the rumour mill is churning out anything half approaching the truth, the US firm is also working on producing an Apple-branded car with the help of ex-Tesla engineers. If an Apple car does come to fruition, Continental may play a contributory role in its development.

Read more

Related news:

  1. Continental: Electromobility is the future – but the future is some way off
  2. Continental’s tyre business achieves 19.2% EBIT margin in Q1
  3. Continental “comfortably achieves” 2016 targets
  4. Continental to present diesel technologies at IAA
10th March 2015/by admin
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