Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • Mid-Year Report
  • News
    • Aligning with ADAS
    • OPINION
    • BUSINESS/FINANCIAL
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • Humanitarian Award
    • RETAIL TIRES
    • SERVICE ZONE
    • TIRE MAKERS
    • Best Places to Work
    • RUSSIA WAR IN UKRAINE
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Events
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
    • RUBBER NEWS EVENTS
  • Resources
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
January 13, 2015 01:00 AM

Conti reports higher sales for '14 fiscal year

Crain News Service
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    By Shahrzad Pourriahi, Crain News Service

    DETROIT (Jan. 13, 2015) — Continental A.G. achieved higher sales and a margin exceeding 11 percent for its adjusted earnings (EBIT) in the 2014 fiscal year, the company announced Jan. 12.

    The gains were achieved despite the pronounced weakness of Europe's replacement tire market in the fourth quarter, Continental said in a press release on the preliminary key figures of its finances.

    The Hanover, Germany-based group said that its sales grew in comparison with the previous year, reaching a figure of around $45.8 billion. Exchange rate effects amounting to about $665 million had a negative impact on sales.

    (Continental A.G. photo)

    The company said that it continued to progress “despite the weak growth in Europe, Russia and South America. We achieved this in spite of the further uncertainty added to the already volatile market development as a result of considerable exchange rate fluctuations in some cases or, as seen recently, the drop in the price of oil.”

    “The adjusted EBIT exceeding [$5 billion] is further proof of the outstanding performance achieved yet again by our more than 190,000 employees,” said Continental Chairman Elmar Degenhart during the announcement of preliminary key financial figures at the North American International Auto Show, which runs Jan. 12-25 in Detroit.

    Stating that Continental expected a rise in global passenger car sales, the chairman said: “We are therefore aiming for sales growth of around 5 percent to a figure exceeding $36 billion.

    “With this, we want to once again securely confirm our double-digit adjusted EBIT margin,” Mr. Degenhart added, also noting that the consolidation effects from the Veyance Technologies Inc. acquisition have not been taken into consideration in this outlook.

    Conti will present its preliminary business figures on March 5.

    Related Articles
    Conti's Veyance acquisition final
    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Brison leaves Hankook for TireHub
    2
    Goodyear marks milestone with Cooper Tire integration
    3
    Updated: Tire makers react to war in Ukraine
    4
    Yokohama spotlights growing UHP tire portfolio
    5
    Bridgestone 3.0 report details sustainable future
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Mid-Year Report
    • News
      • Aligning with ADAS
      • OPINION
      • BUSINESS/FINANCIAL
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • Humanitarian Award
      • RETAIL TIRES
      • SERVICE ZONE
      • TIRE MAKERS
      • Best Places to Work
      • RUSSIA WAR IN UKRAINE
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Events
      • ASK THE EXPERT
      • LIVESTREAMS
      • WEBINARS
      • SEMA LIVESTREAMS
      • RUBBER NEWS EVENTS
    • Resources
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION