Continental: will do better than expected in 2017
(CercleFinance.com) - Continental, the German automotive component supplier, said yesterday that on a provisional basis, its billings increased - excluding FX factors and changes in its consolidation scope - by over 8% in 2017, to 44 billion euros.
Q4 proved to be "robust", both in terms of revenue and profitability, management said. Meanwhile, the group's adjusted operating margin also increased to reach "approximately" 10.8%.
In both cases, management's forecasts were exceeded.
In 2018, Continental expects to report revenues of around 47 billion euros for an adjusted operating margin of around 10.5%. Note that global production of vehicles is expected to rise by just over 1%, to 97 million units.
The group's final accounts will be published on 8 March.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Q4 proved to be "robust", both in terms of revenue and profitability, management said. Meanwhile, the group's adjusted operating margin also increased to reach "approximately" 10.8%.
In both cases, management's forecasts were exceeded.
In 2018, Continental expects to report revenues of around 47 billion euros for an adjusted operating margin of around 10.5%. Note that global production of vehicles is expected to rise by just over 1%, to 97 million units.
The group's final accounts will be published on 8 March.
Copyright (c) 2018 CercleFinance.com. All rights reserved.