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Continental' sales boost EBIT

Staff writer ▼ | January 13, 2014
With an adjusted EBIT margin of 11.2%, the Continental Corporation significantly exceeded its target for fiscal 2013. Sales increased slightly year-on-year to approximately €33.3 billion in 2013.
Continental
ContinentalWith an adjusted EBIT margin of 11.2%, the Continental Corporation significantly exceeded its target for fiscal 2013. Sales increased slightly year-on-year to approximately €33.3 billion in 2013.


"Our strong commitment has paid off: We were able to more than offset the economic limitations in Southern Europe and some emerging markets. Our success was achieved in spite of considerable negative exchange rate effects due to the strong euro, which amounted to over 700 million euros. The adjusted EBIT of 3.7 billion euros represents an extremely strong performance by the whole Continental team.

In 2013 we therefore achieved an impressive continuation of the successful path we have been pursuing for years," said Continental's CEO Elmar Degenhart at the announcement of the provisional key figures on Monday during the Auto Show in Detroit, U.S.A.

"In 2014, we expect global production of cars with a total weight of up to six metric tons to increase from around 83 million units in 2013 to more than 85 million units. We want to grow faster than the global passenger car market and are aiming to increase sales by around 5% to approximately €35 billion. At the same time, we want to comfortably achieve a double-digit adjusted EBIT margin."


 

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