DGAP-News: Continental AG / Key word(s): Quarterly / Interim Statement/Quarter Results
06.05.2021 / 08:30
The issuer is solely responsible for the content of this announcement.
– Consolidated sales of €10.3 billion (Q1 2020: €9.9 billion, +3.5 percent); organic growth of 8.6 percent
– Adjusted EBIT of €834 million (Q1 2020: €433 million, +92.5 percent)
– Adjusted EBIT margin of 8.1 percent (Q1 2020: 4.4 percent)
– Net income of €448 million, (Q1 2020: €292 million, up €156 million year-on-year)
– Free cash flow before acquisitions, divestments and carve-out effects:
€670 million (Q1 2020: -€148 million, up €818 million)
– Realignment of the Automotive Technologies group sector
– Spin-off of Vitesco Technologies planned for September 2021
– Order volume for high-performance computers rises to around €5 billion
– CEO Nikolai Setzer: “We are making noticeable progress and…
