. Automotive supplier publishes preliminary key figures for 2014 fiscal year · Sales grow to around €34.5 billion despite negative exchange rate effects · Outlook for 2015: aim to increase sales by approximately 5% In the 2014 fiscal year, the Continental Corporation secured a margin exceeding 11% for its adjusted EBIT, despite the pronounced weakness of Europe’s replacement tire[Read More…]
Net income rises by 14.2% to €1.3 billion or €6.52 per share Sales grow 2.1% to €16.9 billion after six months EBIT at €1.8 billion Significant reduction of interest burden thanks to improved financing conditions The Continental Corporation is again increasing its earnings forecast for fiscal 2014 after a good first half-year. “We now intend to achieve an adjusted EBIT[Read More…]
New launches and upgrades introduced by TVS Motor Company across the scooter and motorcycle segments helped the company to register increase in sales, aiding significant bottom line growth. The company today announced results for the financial year 2013-14. During the year, the company strengthened its presence in the scooter segment introducing TVS Jupiter, styled to enthuse the male customer. TVS[Read More…]
