Outlook

Published on November 9 in the Financial Report as at September 30, 2017

The strong growth in the first nine months of 2017 corroborates our sales performance estimate for fiscal 2017. We are therefore confirming our forecast of sales of more than €44 billion, assuming constant exchange rates year-on-year. Translation at current exchange rates gives consolidated sales of around €44 billion for 2017. The continuing positive effect of exchange rates on sales after the first half of the year turned negative to -€65 million after nine months, amounting to -€246 million in the third quarter alone.

We are leaving our sales forecasts for the Automotive Group and the Rubber Group at around €26.5 billion and more than €17 billion respectively, regardless of exchange-rate development in the fourth quarter.

We are adhering to our forecast for the corporation’s adjusted EBITmargin of more than 10.5%. The same is true of the forecast for the adjusted EBIT margins of the Automotive Group and the Rubber Group, which we are leaving at around 8.5% and more than 15% respectively.

For 2017, we are still planning on free cash flow of approximately €2 billion before acquisitions.


2017E as of November 9, 2017 published in the 9M presentation

© Continental AG

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Medium-Term Forecast

The medium-term forecast comprises the corporate strategy, the incoming orders in the Automotive Group and the medium-term targets of the Rubber Group. Accordingly, we want to generate sales of more than €50 billion and a return on capital employed (ROCE) of at least 20% in 2020

These medium-term targets were confirmed again after the review in 2016.


© Continental AG