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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.

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  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
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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.

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  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
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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.

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  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. Conti Hails ‘Record Breaking’ Second Quarter
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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.

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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
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