Continental AG: Half Year Results 2010
Continental AG / Half Year Results
02.07.2010 12:01
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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According to first preliminary figures, unaudited sales for the first half
of this year increased by about 38% to approximately EUR12.5 billion (PY:
EUR9,063.2 million). On this basis, adjusted EBIT (EBIT before amortization
of intangible assets from PPA, changes in the scope of consolidation and
special effects) is expected to amount to at least EUR1.2 billion (PY:
EUR248.8 million). In the first half of 2010, special effects resulted
primarily from the closure of the truck tire production in Hanover/Stoecken
which amounted to EUR35 million. In 2009, special effects in the first six
months amounted to EUR146.9 million.
Based upon these preliminary results for the first half year 2010, the
company believes that an increase of approximately 15% in consolidated
sales to be realistic for 2010 (PY: EUR20,095.7 million). The adjusted EBIT
margin for 2010 should be between 8.0% and 8.5% (PY: 5.8%). Based on
current expectations, however, a burden of approximately EUR250 million is
anticipated in the second half of 2010 alone resulting from the raw
material costs which have been increasing since the beginning of the year
(primarily natural rubber).
The Continental Corporation's financial report for the first six months is
expected to be published on July 29, 2010.
02.07.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Continental AG
Vahrenwalder Straße 9
30165 Hannover
Deutschland
Phone: +49 (0)511 938-1068
Fax: +49 (0)511 938-1080
E-mail: ir@conti.de
Internet: www.conti.de
ISIN: DE0005439004
WKN: 543900
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover,
Hamburg, Stuttgart; Freiverkehr in Berlin, München,
Düsseldorf; Terminbörse EUREX; Foreign Exchange(s)
Luxembourg, SIX
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