Preliminary indications for last year suggest that revenue has increased by almost 14% to some €39.2bn (we had projected €39.0bn) and that ‘adjusted’ EBIT reached some €4.4bn. Our underlying operating profit number was €4.2bn for 2015. Based on the press release, Continental generated €2.4bn of FCF whereas we had expected only €1.7bn. For 2016, management sees revenue rising by some 5% to around €41bn (we currently expect it to reach €40.5bn
11 Jan 2016
Management confirms its 2015 guidance
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Management confirms its 2015 guidance
Continental AG (CON:WBO) | 0 0 0.6% | Mkt Cap: 45,981m
- Published:
11 Jan 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Preliminary indications for last year suggest that revenue has increased by almost 14% to some €39.2bn (we had projected €39.0bn) and that ‘adjusted’ EBIT reached some €4.4bn. Our underlying operating profit number was €4.2bn for 2015. Based on the press release, Continental generated €2.4bn of FCF whereas we had expected only €1.7bn. For 2016, management sees revenue rising by some 5% to around €41bn (we currently expect it to reach €40.5bn