Current Issue

ArtGUID: B8CA9C06-6F1C-4C30-9BB7-A90DAD8920F3 ArtTaxonomyList: 26,16,181 -->

Conti raises '14 earnings outlook

Comments Email

HANNOVER, Germany (April 25, 2014) Continental A.G. has raised its earnings outlook for 2014 after what it's calling a “successful start to the new year.”

Conti CEO Elmar Degenhart told shareholders at the company's annual meeting today the company should achieve an adjusted pre-tax operating income margin of 10.5 percent, up from 10 percent as forecast earlier.

Mr. Degenhart said Conti is basing the revised earnings outlook on the positive first quarter results pre-tax earnings up roughly 20 percent and sales up 4 percent (or as much as 8 percent when adjusted for exchange rate effects.)

“All of our five divisions contributed to our successful start to the year. Sales and adjusted EBIT are clearly above the same quarter of the previous year,” he said.

“… we are confident that we can maintain the current momentum, as the positive trend of the first three months appears to be continuing in the second quarter,” he added:

Continental will present its figures for the first quarter of 2014 on May 6.

 

More Polls>

TB Reader Poll

Previous | Published July 27, 2017

What is the most challenging aspect of your job?

Dealing with customers
18% (12 votes)
Managing the bottom line
30% (20 votes)
Personnel issues
38% (25 votes)
Staying on top of technology
14% (9 votes)
Total votes: 66
More Polls »