Wolfgang Schäfer, CFO

9M 2020 Results

​​​​​​​Third Quarter: Slight Recovery as Highly Volatile Market Environment Continues

  • Consolidated sales of €10.3 billion (Q3 2019: €11.1 billion)
  • Adjusted EBIT of €832 million (Q3 2019: €612 million); adjusted EBIT margin of 8.1 percent (Q3 2019: 5.6 percent)
  • EBIT of -€673 million in third quarter (Q3 2019: -€1,971 million) and net income of ​​​​​​​-€719 million, resulting from impairments and expenses as already announced (Q3 2019: -€1,986 million)
  • Free cash flow before acquisitions and carve-out effects: €1.8 billion  (Q3 2019: €343 million)
  • Outlook for fiscal 2020: consolidated sales of about €37.5 billion; adjusted EBIT margin of about 3 percent; positive free cash flow before acquisitions and carve-out effects

On November 11, Continental released its nine months 2020 results. Wolfgang Schäfer, CFO, conducted an analyst & investor conference call presenting the nine months figures. 

CFO Wolfgang Schäfer on the 9 months 2020 results. © Continental AG