You are here: / Elmar Degenhart

Posts

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

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
/by

Continental net income up almost a quarter in “extremely successful” 2014

,

The CEO of Continental Corporation has described 2014 as “another extremely successful financial year” and confirmed that all targets set for the year were reached. “When evaluating the results, we should not overlook the fact that there was, in some cases, very weak growth in Europe, Russia, and South America,” elaborated Dr. Elmar Degenhart. “There were also significant exchange rate fluctuations. In addition, the mild winter at the end of 2014 had a negative impact on the winter tyre business in Europe. The driving force behind the sales development once again came from China and North America. In light of this, it is remarkable that profit after taxes of just under €2.4 billion or €11.88 per share could be achieved.”

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Despite Hard 2009, Conti Looks Toward Sales Growth This Year
  2. Conti releases Q3 results, lifts EBIT target
  3. Continental: Net income up 2.1% despite higher in raw material costs
  4. Continental: Tyre division growth behind group average in Q1-3 2017
/by

Continental aiming for 5% sales growth in 2015, releases preliminary 2014 results

The European replacement tyre market displayed a “pronounced weakness” in the four quarter of last year, says Continental Corporation, however during the 2014 fiscal year the company as a whole managed to grow year-on-year, and achieved an annual turnover of approximately €34.5 billion. The company’s adjusted EBIT margin exceeded 11 per cent.

Read more

Related news:

  1. Continental’s tyre business achieves 19.2% EBIT margin in Q1
  2. Continental: sales up 13.6% in 2015
  3. Automotive Group drags down Continental’s Q3 2016 earnings
  4. Sales of €40.5 billion, record tyre volumes – Continental announces 2016 results
/by

Third-quarter income up 14.1 per cent at Continental

Following what it calls a “solid third quarter”, Continental Corporation has confirmed its forecast for the 2014 fiscal year. The tyre and automotive systems manufacturer reported net sales of €8.7 billion in the period between 1 June and 30 September, a year-on-year increase of 3.8 per cent. EBIT decreased 28.0 per cent to €637.8 million in the three-month period, with EBIT margin declining from 10.6 per cent in Q3 2013 to 7.4 per cent, however net income rose 14.1 per cent to €495.1 million. Earnings per share amounted to €2.47, up from €2.17 a year earlier.

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 net income down: Raw material costs deflate tyre-related earnings
/by

Continental raises EBIT forecast, increases income in Q2

Continental Corporation has again increased its earnings forecast for the 2014 fiscal year. Upon publishing the company’s second quarter and first half results, Executive Board chairman Dr. Elmar Degenhart said Continental is now aiming for an adjusted EBIT of 11.0 per cent rather than the 10.5 per cent announced in March (when it was increased from 10.0 per cent). This 11.0 per cent target is supported, the company says, by the ongoing trend towards favourable natural rubber prices.

Read more

Related news:

  1. Continental Q1 2015 sales up 14% to €9.6 billion
  2. Continental lifts 2015 earnings forecast following H1 ‘success’
  3. Sales of €40.5 billion, record tyre volumes – Continental announces 2016 results
  4. Continental Q1 2017 sales up 11.7% to €11 billion
/by

Continental names top 2013 suppliers

At Continental’s Supplier Day 2014, held recently in Prague, the tyre maker and automotive systems provider honoured suppliers that offered “outstanding performance” last year. The company gave Supplier of the Year 2013 awards to 16 of its approximately 900 key suppliers at a ceremony attended by 370 invited guests. Awards were given for excelling in four key areas: quality, technology, logistics and purchasing conditions.

Read more

Related news:

  1. Continental awards top Automotive Group suppliers
  2. Continental raises EBIT forecast, increases income in Q2
  3. Continental Q1 2017 sales up 11.7% to €11 billion
  4. Continental breaks ground on new HQ project
/by

Continental lifts 2014 EBIT outlook

After what it says was “a successful start to the new year,” Continental Corporation has raised its adjusted EBIT outlook. “For fiscal 2014 we intend to comfortably achieve an adjusted EBIT margin of 10.5 per cent instead of the originally advised 10.0 per cent,” announced Continental CEO Dr. Elmar Degenhart at last Friday’s Annual Shareholders’ Meeting.

Read more

Related news:

  1. Continental: €44 billion in sales, 10.8% EBIT margin in 2017
  2. Continental discussing ‘need for action’ with employee representatives
  3. Continental withdraws outlook for ‘uncertain’ 2020
  4. Continental CEO Degenhart resigns
/by

Reinhart confirmed as Continental’s new HR head

The abrupt end of Elke Strathmann’s career at Continental AG was made public earlier this month, and the company announced today that Strathmann has already relinquished her seat on its Executive Board. Dr. Ariane Reinhart has been named as Continental’s new Executive Board member for human resources and director of labour relations.

Read more

Related news:

  1. Continental bosses lay foundation stone for new HQ
  2. Bentley’s Dr Ariane Reinhart joins Continental’s executive board
  3. Continental renews HR head Reinhart’s contract
  4. Conti: Corona bridge concept will save jobs
/by