Holistic Vehicle Connectivity

Outlook

​​​​​​​As at August 7, 2019 (extract)



20182019E
Consolidated sales
adj. EBIT margin
€44.4 bn
9.3%
~ €44 bn to €45 bn
~ 7.0% to 7.5%
Automotive Group

Sales
adj. EBIT
€26.9 bn
€1.9 bn
~ €26 bn to € 26.5 bn
~ 4.2% to 4.8%
Rubber Group

Sales
adj. EBIT
€17.6 bn
€2.4 bn
~ €18 bn to €18.5 bn 
~ 12.0% to 12.5%
Tax rate23%~ 27% incl. carve-out effects
Free cash flow
before acquisitions1
€1.9 bn excl. net effect
of US pension funding
~ €1.2 bn to €1.4 bn 
excl. carve-out effects 

1 (and certain exceptional effects, if any)



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