Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Rubber Division IEC
    • War in Ukraine
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • Airless Tires
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • Ask the Expert
    • Healthcare Elastomers Conference
    • Rubber In Automotive Conference
    • Women Breaking the Mold Networking Forum
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
January 14, 2014 01:00 AM

Continental reports 11.2 percent EBIT on higher sales

Tire Business Report
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    DETROIT—Continental A.G. exceeded its earnings goals for fiscal 2013, recording a pre-tax operating income margin of 11.2 percent on slightly higher sales, CEO Elmar Degenhart reported prior to the start of the 2014 North American International Auto Show in Detroit.

    "Our strong commitment has paid off," he said, "we were able to more than offset the economic limitations in southern Europe and some emerging markets.'

    Conti achieved its earnings targets despite "considerable" negative exchange rate effects, which amounted to more than $950 million. The figures are considered preliminary. Continental will present its provisional business figures on March 6.

    Degenhart called achieving adjusted EBIT of $5 billion an "impressive continuation" of the firm's strategy of the past few years. Sales reached $45.2 billion.

    Degenhart did not provide business unit breakdowns.

    For 2014, Conti is targeting growth of about 5 percent, ahead of the projected growth in the global car market, Degenhart said, while continuing to achieve double-digit adjusted EBIT.

    Related Articles
    Continental tire cord plant in Ga. celebrates 125th birthday
    Conti christens tire production at Russian plant
    Continental develops recycling process for tire scrap
    Continental to expand Czech plant production
    Secretary Foxx expresses concerns over privacy at Auto Show
    Continental unveils new EcoPlus range
    Executive rejoins Conti as business manager for ag tires
    Conti officially opens tire plant in Sumter, S.C.
    Continental to purchase Veyance Technologies
    Continental christens tire plant in S.C.
    Continental tells tire dealers: We want to be your No. 1
    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    3M to exit manufacturing of PFAS by end of 2025
    2
    Pros and Cons: A look at 4 emerging sustainable carbon black methods
    3
    Illinois attorney general sues 14 firms over PFAS contamination
    4
    No alternative in sight: Why Michelin is emphasizing sustainability of hevea
    5
    Teknor Apex uses 'world's first' bio-based plastic substitute in new TPE
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Rubber Division IEC
      • War in Ukraine
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • Airless Tires
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • Healthcare Elastomers Conference
        • Rubber In Automotive Conference
        • Women Breaking the Mold Networking Forum
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
      • Ask the Expert
    • Advertise
    • DIGITAL EDITION