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CONTINENTAL AG INHABER-AKTIEN O.N.

18.04.2018 - 10:49

DGAP-Adhoc: Continental AG: Change of Outlook for FY 2018



DGAP-Ad-hoc: Continental AG / Key word(s): Profit Warning


Continental AG: Change of Outlook for FY 2018


18-Apr-2018 / 10:49 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.




Exchange rate and inventory valuation effects will impact earnings by around EUR150 million in H1 2018. This negative impact affects primarily the tire business. Accordingly, the adjusted operating result (adjusted EBIT*) for Q1 2018 in the Rubber Group will be about EUR100 million lower than in the respective period of the prior year.



At present, we do not assume that we will be able to compensate for these negative effects in the Rubber Group over the course of the year. We are therefore lowering our outlook for the adjusted EBIT margin of the Rubber Group from about 15% to more than 14% for 2018.



For the corporation, this also results in a decrease in the forecast of the adjusted EBIT margin from about 10.5% to more than 10%. All other elements of the outlook we published on March 8, 2018 remain unchanged.



Continental will publish initial key data (consolidated sales and EBIT*) for Q1 2018 on the occasion of its Annual Shareholders' Meeting on April 27, 2018. The financial report for Q1 2018 will be published on May 8, 2018.



"EBIT adjusted", "EBIT" as defined in the annual report 2017, pp 38/39 (Glossary of financial terms). Download under www.continental-ir.com






Contact:

Person making the notification: Rolf Woller, Head of IR








18-Apr-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Continental AG

Vahrenwalder Straße 9

30165 Hannover

Germany
Phone: +49 (0)511 938-1068
Fax: +49 (0)511 938-1080
E-mail: ir@conti.de
Internet: www.conti.de
ISIN: DE0005439004
WKN: 543900
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange; Luxemburg, SIX





 
End of Announcement DGAP News Service




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