Continental Adjusts Outlook for Fiscal 2022 and Publishes Preliminary Key Figures for First Quarter…
Published By Continental AG [English], Thu, Apr 21, 2022 4:45 AM
Due to the following factors, Continental is adjusting its outlook for fiscal 2022:
Assuming that as the year progresses, exchange rates do not materially differ to those in the first quarter of 2022, the aforementioned factors mean that the following changes have been made to the 2022 outlook:
In the event the geopolitical situation, in particular in Eastern Europe, remains tense or worsens, it could result in further lasting consequences for production, supply chains and demand. In addition, further negative effects could arise as a result of the ongoing COVID-19 pandemic and the related supply situation. Depending on the severity of the disruption, this may result in lower sales and especially earnings in all group sectors as well as for the Continental Group compared to the prior year.
Based on preliminary data, the following are the key financial results for the first quarter of fiscal 2022, showing the figures for continuing operations in the reporting and comparative periods:
The quarterly statement for the first quarter of 2022 will be released on May 11, 2022.
“Adjusted EBIT” is defined in the glossary of financial terms on page 24 of the 2021 annual report, which is available at www.continental-ir.com.