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Continental Rubber Technologies reports higher sales, improved earnings

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HANOVER, Germany Continental A.G. s Rubber Technologies business unit reported a marked improvement in operating earnings in the quarter ended March 31 on 6.6% higher sales.
The unit, which comprises Conti s tires and ContiTech non-tire rubber products businesses, reported sales of $5.1 billion and an adjusted pre-tax operating (EBIT) margin of 14.5%, up five points from the 2020 first quarter.
Conti said the unit s growth before changes in the scope of consolidation and exchange-rate effects was 11.7%. It did not elaborate on the tire division results.
Conti will publish its full first-quarter earnings report May 6.
As a corporation, Conti reported 3.5% higher sales of $12.4 billion and an adjusted EBIT margin of 8.1%. ....

Autonomous Mobility , Powertrain Technologies , Vitesco Technologies , தன்னாட்சி இயக்கம் , போவேர்திறைந் தொழில்நுட்பங்கள் ,

Conti Rubber Technologies reports higher Q1 sales, improved earnings

Conti Rubber Technologies reports higher Q1 sales, improved earnings
Print
HANOVER, Germany Continental A.G. s Rubber Technologies business unit reported a marked improvement in operating earnings in the quarter ended March 31 on 6.6 percent higher sales.
The unit, which comprises Conti s tires and ContiTech non-tire rubber products businesses, reported sales of $5.1 billion and an adjusted pre-tax operating (EBIT) margin of 14.5 percent, up five points from the 2020 first quarter.
Conti said the unit s growth before changes in the scope of consolidation and exchange-rate effects was 11.7 percent. It did not elaborate on the tire division results.
Conti will publish its full first-quarter earnings report May 6. ....

Autonomous Mobility , Powertrain Technologies , Vitesco Technologies , தன்னாட்சி இயக்கம் , போவேர்திறைந் தொழில்நுட்பங்கள் ,

Investegate |Continental AG Announcements | Continental AG: Continental announces preliminary key data for the first quarter of 2021

DGAP-Ad-hoc: Continental AG / Key word(s): Preliminary Results/Quarter Results
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 ....

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