Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
web
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • ITEC
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • Silicone
    • Latex
    • Coronavirus
    • Executive Action
    • Government/Legal
    • Opinion
    • Technical Notebooks
    • International Elastomer Show
    • Women in Tire & Rubber
    • HEXPOL Sponsored Content
    • Goodyear recognized by Lockheed Martin as 'elite supplier'
      EV tire advancements to help secure future
      Lambillotte: Only question on AVs is timing
      CAR official says EV future brighter than autonomous
    • Goodyear to install dynamic driving simulator at Luxembourg site
      Nokian Tyres to add up to 150 jobs at Dayton, Tenn., factory
      Biden signs executive order, prioritizes U.S.-made EVs, PPE
      Conti starts production of ‘HL' load index tires for select OE customers
    • Order takes Michelin-Enviro partnership a step closer
      Goodyear to install dynamic driving simulator at Luxembourg site
      Nokian Tyres to add up to 150 jobs at Dayton, Tenn., factory
      Conti starts production of ‘HL' load index tires for select OE customers
    • NewAge Industries promotes two from within
      EnergyEne gets grant to focus on guayule latex
      DuPont investing in Liveo line of silicone products
      A change at the top for Stockwell Elastomerics
    • NuSil's high-purity silicones are taking off
      Audia Elastomers launches new range of sustainable TPEs
      Order takes Michelin-Enviro partnership a step closer
      Phillips Carbon Black expanding capacity at site in India
    • NuSil's high-purity silicones are taking off
      NewAge Industries promotes two from within
      Rubber Division scholarships, stipends available
      DuPont investing in Liveo line of silicone products
    • WCCO task force navigates pandemic, expands communications
      ASTM cancels April meetings as COVID-19 continues impact
      Paycheck Protection Program funding reopens Jan. 15
      Detroit Auto Show canceled; alternative event being planned for September
    • NewAge Industries promotes two from within
      A change at the top for Stockwell Elastomerics
      Angelos Papadimitriou to leave position with Pirelli after six months on job
      Tero Peltomaki named Cimcorp CEO
    • Biden signs executive order, prioritizes U.S.-made EVs, PPE
      ITC votes to keep duties in place on China P/LT tire imports
      Hwa Fong joins Taiwan tire makers' bid for alternative to import duties
      NLRB certifies USW as bargaining unit for Kumho Tire plant in Georgia
    • Editorial: Against a backdrop of turmoil, M&A deals give glimpse of normalcy
      Column: Pandemic looms over everything in life, business in 2020
      Column: Lessons from the 2020 Best Places to Work
      Editorial: Silicone hit hard by pandemic, expected to bounce back
    • Advancements in synchronous drive belt design for industrial and consumer markets
      Effects of multiple repurposed materials for reinforcements of standard rubber compounds
      Impact of peroxide blends on the cure rate and aged properties in HNBR
      Techniques to detect long chain branching in polymers
    • Rubber Division seeks abstracts for 200th Technical Meeting
      WORD panelists say evolution, authenticity keys to success
      IEC keynote: Communication key to logistics
      IEC speaker: Specialized elastomers may reduce spread of life-threatening pathogens
    • WORD panelists say evolution, authenticity keys to success
      New video celebrates women in rubber industry
      ITEC panelists say women can thrive in tire industry
      Rubber Division planning second Women of Rubber event
    • Sponsored By HEXPOL Compounding
      Faster Access to Your Polymer Compounding Experts Around the World
      Sponsored By HEXPOL Compounding
      Take a walk thru a HEXPOL Lab
      Sponsored By HEXPOL Compounding
      HEXPOL offers a unique selection of High Performance Elastomers to match your application requirements
      Sponsored By HEXPOL Compounding
      It’s what you can’t see that makes the Difference at HEXPOL
  • Blogs
    • Products
    • Wacky World of Rubber
    • New Products: Nova thinks outside the box with sealing tech
      New Products: MonTech introduces 1,500 kN lab press
      New products: 3M introduces new durable, pliable medical adhesive
      New Products: Lanxess launches energy-efficient PU elastomer
    • Wacky World of Rubber: How Trelleborg, teens sealed a spot in the world record book
      Wacky World of Rubber: Of chicken and feet, but not chicken feet
      Wacky World of Rubber: Time to go mattress shopping
      Wacky World of Rubber: Because nothing says football like 'frunk' shrimp
  • Newsletters
    • Rubber in Automotive
    • Silicone News
    • Latex News
    • Sign Up for Newsletters
    • Goodyear to install dynamic driving simulator at Luxembourg site
      Nokian Tyres to add up to 150 jobs at Dayton, Tenn., factory
      Biden signs executive order, prioritizes U.S.-made EVs, PPE
      Conti starts production of ‘HL' load index tires for select OE customers
    • NuSil's high-purity silicones are taking off
      NewAge Industries promotes two from within
      Rubber Division scholarships, stipends available
      DuPont investing in Liveo line of silicone products
    • EnergyEne gets grant to focus on guayule latex
      Rubber Division scholarships, stipends available
      Bridgestone bets on guayule as alternative natural rubber source
      Synthomer CEO MacLean to step down by early 2022
  • Multimedia
    • Videos
    • Photo Galleries
  • Directory
  • Resources
    • Classifieds & Mold Mart
    • Sponsored Content
    • White Papers
    • Sponsored By HB Chemical
      The Company Behind the Inventory
      Sponsored By French Oil Mill Machinery
      Process Improvement, Cost Reduction with Custom Press Systems
    • Sponsored By Uncountable Inc.
      Cooper Standard deploys lab informatics platform to synchronize R&D
      Sponsored By Elkem
      LSR Select™: A solution to improve your financial impact in molding applications
      Sponsored By HEXPOL Compounding
      Peroxide Cureable Silicone Injection Molding
      Sponsored By HEXPOL Compounding
      Understanding and Selecting Performance Additives for Rubber Compounding
  • Data
  • Events
    • RPN Events
    • RPN Livestreams/Webinars
    • Industry Events
    • Past Events
    • ITEC Library
    • International Silicone Conference Library
    • 2021 Healthcare Elastomers Virtual Edition
      2021 Rubber in Automotive Virtual Edition
      2022 ITEC
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
March 06, 2015 01:00 AM

Continental reports strong 2014

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

    HANOVER, Germany—Continental A.G. is projecting a 9 percent sales gain and an operating margin of at least 10.5 percent in fiscal 2015, building on the firm's solid financial results in fiscal 2014, the firm's top executives said March 5.

    Sales increased to $45.8 billion in 2014, up 3.5 percent compared to 2013. The firm reported net income at $3.15 billion, an increase of 23.5 percent.

    “Continental has had a good start into 2015, thus confirming our expectations for the entire year,” Continental Chairman Elmar Degenhart said at the presentation of the preliminary business figures in Hanover. “We are pleased to look back at another extremely successful financial year 2014, during which we achieved our targets.”

    About half of Continental's projected sales growth in 2015 ($1.7 billion) will come from the inclusion of revenue from Veyance Technologies, the former Goodyear engineered products business that Conti bought for $1.58 billion.

    Conti's tire division reported fiscal 2014 operating earnings rose 6 percent to $2.43 billion on 2.1 percent higher sales of $13 billion, raising the operating margin a half point to 18.7 percent.

    The company said its tire business sold 128 million car and light truck tires in 2014, with high-performance and winter tires accounting for 46 percent of the total, up from 44 percent in 2012 and 39 percent in 2010.

    Continental's adjusted pre-tax operating income for 2014—adjusted for acquisition-related amortization and special effects—grew 3.7 percent to $5.13 billion.

    “When evaluating the results, we should not overlook the fact that there was, in some cases, very weak growth in Europe, Russia and South America,” Degenhart said. The executive also cited significant exchange rate fluctuations.

    “In addition, the mild winter at the end of 2014 had a negative impact on the winter tire business in Europe,” he said. “The driving force behind the sales development once again came from China and North America. In light of this, it is remarkable that profit after taxes of just under $3.2 billion…could be achieved.”

    Continental said it devoted $2.72 billion, or 5.9 percent of sales, to capital expenditures and $2.84 billion, or 6.2 percent of sales, to research and development. Capital spending was up 3.2 percent while R&D expenditures climbed 13.8 percent.

    Employment during the year grew about 6 percent to 190,000 at year-end.

    Related Articles
    Taking control; Conti starts to recast Veyance
    Observers say Conti to benefit from purchase
    ContiTech unit forms JV, to add plant in China
    A pair of cool new offerings; Continental expands winter tire portfolio with tw…
    Conti launches next generation of UHP tire line
    Continental names executive vice president
    Forbes names Continental top employer for 2015
    Conti to invest $42.5 million for expansion in China
    Conti's S.C. plant achieves zero landfill status
    ContiTech selects new leader for NAFTA region
    Letter
    to the
    Editor

    Rubber & Plastics 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].

    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 & Plastics News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber & Plastics 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.

    web
    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Contact the 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
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
      • ITEC
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • Silicone
      • Latex
      • Coronavirus
      • Executive Action
      • Government/Legal
      • Opinion
      • Technical Notebooks
      • International Elastomer Show
      • Women in Tire & Rubber
      • HEXPOL Sponsored Content
    • Blogs
      • Products
      • Wacky World of Rubber
    • Newsletters
      • Rubber in Automotive
      • Silicone News
      • Latex News
      • Sign Up for Newsletters
    • Multimedia
      • Videos
      • Photo Galleries
    • Directory
    • Resources
      • Classifieds & Mold Mart
      • Sponsored Content
      • White Papers
    • Data
    • Events
      • RPN Events
      • RPN Livestreams/Webinars
      • Industry Events
      • Past Events
      • ITEC Library
      • International Silicone Conference Library
    • Advertise
    • DIGITAL EDITION