Continental AG / Quarter Results
29.10.2009
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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On the basis of final figures, Continental AG, Hanover, realized an
adjusted EBIT* (EBIT before amortization of intangibles from PPA,
consolidation and special effects) of EUR413.4 million in the third quarter
of 2009 (PY: EUR319.1 million). With third-quarter sales of EUR5,337
million (PY: EUR5,892 million), the adjusted EBIT margin is 7.8% (PY:
5.5%). The most significant special effect in the third quarter is a
non-cash effective goodwill impairment in the three Automotive divisions in
the amount of EUR875.8 million. It is essentially due to this impairment
that a negative EBIT of EUR-911.8 million was reported for Q3
(PY: EUR162.7 million).
In the first nine months of 2009 the corporation realized total sales of
EUR14,400.2 million
(PY: EUR19,146.0 million) and an adjusted EBIT of EUR662.1 million (PY:
EUR1,502.8 million). The EBIT reported for the first nine months amounts to
EUR-1,038.0 million (PY: EUR1,075.1 million).
The Continental Corporation's financial report for the first nine months of
the current fiscal year will be published today on October 29.
29.10.2009 |[![CDATA[|[a href="http://www.dgap.de"|]Financial News transmitted by DGAP|[/a|]]]|]
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Language: English
Company: Continental AG
Vahrenwalder StraÃe 9
30165 Hannover
Deutschland
Phone: +49 (0)511 938-1068
Fax: +49 (0)511 938-1080
E-mail: ir@conti.de
Internet: www.conti.de
ISIN: DE0005439004
WKN: 543900
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover,
Stuttgart, Hamburg; Freiverkehr in Berlin, Düsseldorf,
München; Terminbörse EUREX; Foreign Exchange(s) Luxembourg,
SWX
End of News DGAP News-Service
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DGAP-Adhoc: Continental AG: Quarter Results
| Source: EQS Group AG