Continental : announces preliminary key data for the fi

Continental : announces preliminary key data for the first quarter of 2021


Continental announces preliminary key data for the first quarter of 2021
23-Apr-2021 / 12:20 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The financial results of Continental AG in the first quarter of fiscal 2021 are above current average analyst expectations. Based on preliminary data, key financial results of the first quarter of fiscal 2021 are as follows:?
Consolidated sales of the Continental Group were ?10.259?billion?(Q1 2020: ?9.913 billion) and the adjusted EBIT margin was?8.1%. Due to the intended spin-off of Powertrain Technologies, IFRS 5 Non-current Assets Held for Sale and Discontinued Operations has been applied. Due to this application, depreciation ceased for discontinued operations starting March 16, 2021. Without this application, the adjusted EBIT margin would have been 7.9% (Q1 2020: 4.4%). Year-on-year sales growth before changes in the scope of consolidation and exchange-rate effects was 8.6%.?

Related Keywords

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