Suggestions
    Go directly to
      Ad-hoc
      July 20, 2020

      Preliminary Key Data for the Second Quarter of Fiscal 2020

      The financial results of Continental AG in the second quarter of fiscal 2020 are above current average analyst expectations. Based on preliminary data, key financial results of the second quarter of fiscal 2020 are as follows: 

      • Consolidated sales of the Group were €6.620 billion and the adjusted EBIT margin was -9.6%. Year-on-year sales growth before changes in the scope of consolidation and exchange-rate effects was -39.8%. 
      • Sales in Automotive Technologies were €2.560 billion and the adjusted EBIT margin was -18.1%. Year-on-year sales growth before changes in the scope of consolidation and exchange-rate effects was -45.6%. 
      • Sales in Rubber Technologies were €2.962 billion and the adjusted EBIT margin was 1.2%. Year-on-year sales growth before changes in the scope of consolidation and exchange-rate effects was -33.1%. 
      • Sales in Powertrain Technologies were €1.131 billion and the adjusted EBIT margin was -16.3%. Year-on-year sales growth before changes in the scope of consolidation and exchange-rate effects was -40.8%. 
      • Free cash flow before acquisitions and carve-out effects for the Group amounted to -€1.782 billion. This figure was -€29 million in the second quarter of fiscal 2019. The decline is primarily due to the lower EBIT figure versus the prior year period as well as negative working capital effects resulting from sales volatility in the last weeks of the second quarter. These effects are expected to reverse with an improvement in business activity.  

      As at June 30, 2020, the Company had liquidity reserves totaling €10.144 billion, consisting of cash and cash equivalents of €2.456 billion and committed, unutilized credit lines of €7.689 billion. 

      Though the business Continental AG showed substantial improvement through the course of the second quarter, the environment continues to be characterized by substantial uncertainty due to the ongoing COVID-19 pandemic. Therefore, it remains difficult to gauge possible adverse consequences on production, the supply chain and demand. For this reason, the Executive Board of Continental AG has decided to refrain from providing an outlook for the business year 2020 at this time.

      The Half- Year Financial Report for 2020 will be released on August 5, 2020.

      “Adjusted EBIT” is defined in the Glossary of Financial Terms on page 36 of the 2019 Annual Report, which is available at www.continental-ir.com. 

      Cookie Policy

      We use cookies to provide you with the best experience on our website. Click on "Accept all" to allow all cookies or "Change cookie settings" to decide individually.

      Note: If you consent to the use of performance cookies, you also consent to the transfer of your personal data to insecure third countries (e.g. to the USA). These insecure third countries do not provide a level of data protection comparable to EU standards. In the case of certain third party providers, such as Google and Mouseflow, no other guarantees are offered to compensate for this deficit. There is therefore a risk that the transmission of your personal data may result in state authorities accessing your personal data without you having effective legal protection options.

      For more information on performance technologies and the transfer of data to third countries, please refer to the privacy policy.

      By clicking the "Accept all" button, you explicitly consent to this. Consent can be revoked at any time by changing the cookie settings. The further processing of data already collected before revocation by the third-party provider cannot be excluded.

      A cookie is a small data file that is stored on your device. We use cookies to provide basic and convenience functionalities, measure website performance and analyze user behavior on the website. 

      Required cookies are always activated because they are indispensable for the operation of the website and to store your cookie consent. Functional and performance cookies are optional. All optional cookies are deactivated by default.

      You can change your cookie settings at any time by visiting our Cookie Policy or by clearing the cache in your browser. 

      Show more Show less
      Back
      Required cookies Required

      These cookies are required to provide you with key functions.

      Functional cookies

      These cookies are used to provide certain functionalities to you.

      Performance cookies

      These cookies are used to measure website performance and user behavior. All collected data are analyzed anonymously.