Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Continental       DE0005439004

CONTINENTAL

SummaryChartsNewsRatingsCalendarCompany 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Continental : 4Q Earnings Fell; Sees Declining Profitability

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/14/2019 | 02:50am EDT

By Sarah Sloat

German automotive supplier Continental AG (CON.XE) said Monday that its earnings fell in the fourth quarter, and it forecast profitability would decline in the current year.

"As feared, the decline of the automotive markets intensified significantly once again in the fourth quarter," said Chief Executive Elmar Degenhart. "This, combined with the profound changes in our industries, is reducing our growth rate."

The company's adjusted operating result in the quarter declined to around 1.1 billion euros ($1.26 billion) from EUR1.31 billion a year earlier, resulting in a margin on adjusted sales of about 9.7%, compared with 11.7% previously. Fourth-quarter sales were EUR11.25 billion, down slightly from EUR11.28 billion.

In the full year, adjusted operating profit fell to EUR4.1 billion from EUR4.75 billion, resulting in a margin of 9.2% compared with 10.8% in 2017. Full-year sales rose slightly to EUR44.4 billion.

For 2019, Continental sees an adjusted EBIT margin of 8% to 9% and sales between EUR45 billion to EUR47 billion.

The fourth quarter was helped in part by strong sales of winter tires and the positive development in the nonautomotive industrial business, Continental said.

The company releases full results on March 7.

Write to Sarah Sloat at sarah.sloat@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CONTINENTAL AG 0.00%End-of-day quote.0.00%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CONTINENTAL
02:45aCONTINENTAL : Develops Adaptive Voice-Activated Digital Companion...
PU
07/16CONTINENTAL : Check your tire pressures regularly
PU
07/16IMPORTANT MILESTONE REACHED : Continental and Knorr-Bremse complete...
PU
07/16CONTINENTAL : launches qualification initiative
PU
07/15CONTINENTAL : wins design complaint against Heuver Bandengroothandel...
PU
05/28CONTINENTAL : Tire Recognised by General Motors as Supplier of the Year for Thir..
AQ
05/27CONTINENTAL : Wins Four In-terzum Awards
AQ
05/23CONTINENTAL : Opens Competence Center for 3D Printing in Karben
AQ
05/23CONTINENTAL AG : Release according to Article 40, Section 1 of the WpHG [the Ger..
EQ
05/19CONTINENTAL : Goalkeeping experts laud CAF over sponsorship
AQ
More news
Chart CONTINENTAL
Duration : Period :
Continental Technical Analysis Chart | MarketScreener
Full-screen chart
Managers
NameTitle
Elmar Degenhart Chairman-Executive Board
Wolfgang W. Reitzle Chairman-Supervisory Board
Wolfgang Schäfer Head-Finance, Controlling, Compliance, Law & IT
Michael Iglhaut Member-Supervisory Board
Dirk Nordmann Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
CONTINENTAL14.16%26 459
DENSO CORP-2.80%32 931
DENSO CORPORATION (ADR)--.--%32 931
CONTINENTAL AG-2.16%26 016
APTIV27.27%20 039
HYUNDAI MOBIS CO., LTD.--.--%18 387