Combined occurrence of several isolated events has had a negative impact on the reported and adjusted EBIT of the three Automotive divisions of around €480 million
Expected margin for the adjusted net income (EBIT) over 10.5 percent instead of over 11 percent
Sales forecast for 2016 remains at around €41 billion before exchange-rate effects
Joint outlook for the Tires and ContiTech divisions confirmed
Continental has reduced its outlook for fiscal 2016. The main reason for this is the recent combined occurrence of isolated unrelated events in the technology company’s three Automotive divisions (the Automotive Group).
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