HANOVER, Germany (March 5, 2015) — Continental A.G. is projecting a 9-percent sales gain and an operating margin of at least 10.5 percent in fiscal 2015, building on the firm's solid financial results in fiscal 2014, the firm's top executives said March 5.
“Continental has had a good start into 2015, thus confirming our expectations for the entire year,” said Continental Chairman Elmar Degenhart, at the presentation of the preliminary business figures in Hanover. “We are pleased to look back at another extremely successful financial year 2014, during which we achieved our targets.”
Conti's adjusted pre-tax operating income for 2014 — adjusted for acquisition-related amortization and special effects — grew 3.7 percent to $5.13 billion on 3.5-percent higher sales of $45.8 billion, raising the adjusted operating margin slightly to 11.3 percent.
Net income jumped 23.5 percent to $3.15 billion.
Close to half of the firm's sales growth in 2015, or roughly $1.7 billion, will come from the inclusion of revenue from Veyance Technologies, the former Goodyear engineered products business that Conti bought for $1.58 billion.