Continental estimates earnings to be impacted by exchange rate and inventory valuation effects

Exchange rate and inventory valuation effects will impact earnings by around 150 million Euro in H1 2018, according to Continental. This negative impact affects primarily the tire business.

Accordingly, the adjusted operating result (adjusted EBIT) for Q1 2018 in the Rubber Group will be about 100 million Euro lower than in the respective period of the prior year.

For the corporation, this also results in a decrease in the forecast of the adjusted EBIT margin from about 10.5 percent to more than 10 percent.

Continental will publish initial key data (consolidated sales and EBIT) for Q1 2018 on the occasion of its Annual Shareholders’ Meeting on April 27, 2018. The financial report for Q1 2018 will be published on May 8, 2018.