Good start for Conti after strong 2014

Hanover, Germany – Continental Corp. has achieved an “extremely successful” financial year, the group said in its annual results for the year ending 31 Dec 2014.

Sales grew by 3.5 percent to €34.5 billion while its earnings (EBIT) rose by 2.5 percent to good €3.3 billion, according to a Continental a press release on 5 March.

Adjusted EBIT – adjusted particularly for acquisition-related amortization and special effects –rose by 3.7 percent to almost €3.9 billion.

For 2015, Continental aims to achieve a rise in sales of almost 9 percent to around €37.5 billion. This includes a contribution of at least €1.3 billion from the first-time consolidation of recently acquired Veyance Technologies.

“Continental has had a good start into 2015, thus confirming our expectations for the entire year,” said CEO Elmar Degenhart, at a presentation of results in Hanover.

“We are pleased to look back at another extremely successful financial year 2014, during which we achieved our targets,” he added.