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Continental announces preliminary key data for the first quarter of 2021

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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:

Continental continues to experience numerous challenges in its business activities, including the ongoing COVID-19 pandemic, the continued shortage of semiconductors, increasing costs for raw materials, constraints related to logistics as well as uncertainty and volatility in customer demand. In addition, the planned increase in research and development expenses in the Autonomous Mobility and Safety business area will have a greater effect in subsequent quarters. Due to the aforementioned factors, the outlook for fiscal 2021 remains unchanged to those described in the 2020 Annual Report.

The quarterly statement for the first quarter of fiscal 2021 will be released on May 6, 2021.

"Adjusted EBIT" is defined in the Glossary of Financial Terms on page 42 of the 2020 Annual Report, which is available at www.continental-ir.com.


Contact:
Person making the notification: Bernard Wang, Head of IR

23-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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.continental-corporation.com/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; Luxembourg Stock Exchange, SIX

EQS News ID:

1187967


 

End of Announcement

DGAP News Service

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