Go directly to
      Graphic Ad-hoc
      Press Release
      November 11, 2020

      Continental AG announces new outlook for fiscal 2020

      Having withdrawn the previous outlook for fiscal 2020 that was valid until April 1, 2020 due to the uncertain consequences of the COVID-19 pandemic, the Executive Board from Continental AG now sees itself in a position to provide an outlook for fiscal 2020. This outlook is conditional upon the following assumptions:  

      • The exchange rates in the fourth quarter of 2020 do not materially differ to those as of September 30, 2020. 
      • There are no new, unexpected impacts from the ongoing COVID-19 pandemic on production, the supply chain or demand. 

      Based on the aforementioned assumptions, the resulting new outlook for fiscal 2020 is as follows: 

      • Consolidated sales are expected to be around €37.5 billion and the adjusted EBIT margin is anticipated to be around 3%. 
      • Sales in the Automotive business areas – Autonomous Mobility and Safety, Vehicle Networking and Information, and Powertrain – are expected to total around €22.0 billion and the adjusted EBIT margin is anticipated to be around -1.5%. This outlook includes, among other factors, expected provisions for warranty claims and higher than expected net research and development expenses. These factors will noticeably impact adjusted EBIT in the fourth quarter of 2020. 
      • Sales in the Rubber business areas are expected to be around €15.5 billion and the adjusted EBIT margin is anticipated to be around 10.5%. 
      • Further expenses for restructuring and asset impairments related to the “Transformation 2019-2029” program are expected to be recognized in the fourth quarter of 2020, though the amounts are not clarified at this time. Though these effects will not affect adjusted EBIT, they will materially impact reported EBIT and net income attributable to shareholders.  
      • The capital expenditure ratio before financial investments is expected to be around 6.3% of sales. 
      • Free cash flow before acquisitions and before carve-out effects is expected to be positive for fiscal 2020. However, the value is expected to be significantly lower than in the previous year.  

       “Adjusted EBIT” is defined in the Glossary of Financial Terms on page 36 of the 2019 Annual Report, which is available at


      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
      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.