Go directly to
      Continental Hauptverwaltung
      Press Release
      April 27, 2020

      First Quarter of 2020: Results Above Own Expectations and Analyst Estimates

      • Consolidated sales €9.8 billion (prior year: about €11 billion) / expectations as of early April: about €9.4 to €9.8 billion
      • Adjusted EBIT margin 4.4 percent (prior year: 8.1 percent) / expectations as of early April: about 2 to 3 percent
      • Free cash flow before acquisitions and carve-out effects €59 million ​​​​​​​(prior year: -€580 million)
      • Coronavirus pandemic: Continental currently still refrains from providing an outlook for the 2020 business year

      Hanover, April 27, 2020. Continental announced today, in a mandatory disclosure, its key figures for the first quarter of fiscal 2020 based on preliminary data. The results are above the company’s expectations as announced on April 1, 2020, as well as the current average estimates of analysts. Consolidated sales were €9.8 billion (prior year: about €11 billion) and the adjusted EBIT margin was 4.4 percent (prior year: 8.1 percent). Year-on-year organic growth (adjusted for changes in the scope of consolidation and exchange-rate effects) was -10.9 percent. (In comparison: early in April Continental had expected consolidated sales of around €9.4 to €9.8 billion and an adjusted EBIT margin of around 2 to 3 percent for the first three months of the year.)

      Sales in the Automotive Technologies group sector were €4.1 billion (prior year: €4.7 billion) and the adjusted EBIT margin was 1.8 percent (prior year: 6.0 percent). Organic sales growth came to
      -11.5 percent.

      The Rubber Technologies group sector achieved sales of nearly €4 billion (prior year: €4.4 billion) and an adjusted EBIT margin of 9.8 percent (prior year: 12.2 percent). Organic sales growth was
      -10.8 percent.

      Sales in Powertrain Technologies were €1.8 billion (prior year: about €2 billion) and the adjusted EBIT margin was 0.7 percent (prior year: 3.9 percent). Organic sales growth was -9.1 percent.

      In the first quarter of 2020, free cash flow before acquisitions and carve-out effects amounted to €59 million (prior year: -€580 million) The improvement versus the prior year period was primarily due to a lower level of cash outflow for working capital, the cash inflow from the sale of the 50-percent stake in SAS Autosystemtechnik GmbH, and a reduced level of investments.

      As at March 31, 2020, Continental had cash and cash equivalents of more than €2.5 billion and committed unused credit lines of more than €4.3 billion.

      Continental continues to experience material changes and disruptions in a significant portion of its business due to the ongoing coronavirus pandemic. The economic environment continues to be characterized by substantial uncertainty regarding the duration and severity of the disruptions. It thus remains difficult to gauge possible further adverse consequences on production, the supply chain and demand Continental is currently still refraining from providing an outlook for the 2020 business year.

      Continental will report its interim report for the first quarter of 2020 on May 7, 2020.

      Available documents

      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.