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      Q1 2021 Results (May 6, 2021)

      • Consolidated sales of €10.3 billion (Q1 2020: €9.9 billion, +3.5 percent); organic growth of 8.6 percent
      • Adjusted EBIT of €834 million (Q1 2020: €433 million, +92.5 percent)
      • Adjusted EBIT margin of 8.1 percent (Q1 2020: 4.4 percent)
      • Net income of €448 million (Q1 2020: €292 million)
      • Free cash flow before acquisitions and carve-out effects: €670 million (Q1 2020: €87 million)
      • Realignment of the Automotive Technologies group sector
      • Spin-off of Vitesco Technologies planned for September 2021
      • Outlook for fiscal 2021 for the continuing operations: consolidated sales of around €32.5 billion to €34.5 billion; adjusted EBIT margin of around 6 to 7 percent
      • Order volume for high-performance computers rises to around €5 billion • CEO Nikolai Setzer: “We are making noticeable progress and tackling the tasks at hand systematically. From an operational perspective, we have made a good start to the fiscal year.”
      • Outlook for fiscal 2021 without Vitesco Technologies: consolidated sales of around €32.5 billion to €34.5 billion; adjusted EBIT margin of around 6 to 7 percent

      On May 6, 2021, Continental released its Q1 2021 results. Wolfgang Schäfer, CFO, conducted an analyst & investor conference call presenting the Q1 figures. 

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