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Continental AG: 2012 Another Record Year for Continental

DGAP-News: Continental AG / Key word(s): Miscellaneous
Continental AG: 2012 Another Record Year for Continental

14.01.2013 / 08:31

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  - Automotive supplier publishes initial key figures for fiscal 2012

  - Sales increase to around EUR32.7 billion

  - Adjusted EBIT margin increased to 10.7%

  - Outlook for 2013: Rise in sales of around 5% targeted

Hanover, January 14, 2013. In the past fiscal year, the international
automotive supplier Continental again exceeded its targets. Despite
slumping auto markets in Europe, the corporation boosted 2012 sales by more
than 7% to approximately EUR32.7 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 EUR34
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.

With preliminary sales of EUR32.7 billion in 2012, Continental is among the
leading automotive suppliers worldwide. As a supplier of brake systems,
systems and components for powertrains and chassis, instrumentation,
infotainment solutions, vehicle electronics, tires, and technical
elastomers, Continental contributes to enhanced driving safety and global
climate protection. Continental is also an expert partner in networked
automobile communication. Continental currently has more than 170,000
employees in 46 countries.

Press contact:

Dr. Felix Gress                        Hannes Boekhoff                     
Senior Vice President                  Vice President for Media Relations