Continental announces preliminary key data for the first quarter of 2021

The financial results of Continental AG in the first quarter of fiscal 2021 are above current average analyst expectations. Based on preliminary data, key financial results of the first quarter of fiscal 2021 are as follows:

• Consolidated sales of the Continental Group were €10.259 billion (Q1 2020: €9.913 billion) and the adjusted EBIT margin was 8.1%.
• Sales in Automotive Technologies were €4.087 billion (Q1 2020: €4.180 billion) and the adjusted EBIT margin was 4.5% (Q1 2020: 1.9%).
• Sales in Rubber Technologies were €4.235 billion (Q1 2020: €3.972 billion) and the adjusted EBIT margin was 14.5% (Q1 2020: 9.6%).
• Sales in Powertrain Technologies were €1.998 billion (Q1 2020: €1.829 billion) and the adjusted EBIT margin was 3.8%.
• Free cash flow before acquisitions and carve-out effects for the Continental Group amounted to €670 million (Q1 2020: €87 million).

Source: Continental