Continental has unveiled improved 2015 net income of EUR2.7bn (US$2.9bn), with sales climbing 14% to EUR39.2bn.
“Continental is in great shape,” said executive board chairman, Elmar Degenhart. “With our proven business model, we generated free cash flow before acquisitions of EUR2.7bn in 2015. We increased our equity to EUR13.2bn, its highest level to date.
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“This enables us to act tactically and powerfully in a challenging environment and to play a major role in shaping the digital future of mobility with our innovations. “In fiscal 2016, we expect to generate a similarly high level of organic, profitable growth of around 5%, as in the past year.
“We want to take advantage of the opportunities arising from new, digital mobility concepts in a systematic and focused manner this year. In doing so, we will concentrate on developing our successful business model intelligently and tapping new business areas and customers in an innovative way.
“The start we have made to this year in a difficult environment confirms our expectations for 2016.”
For the current fiscal year, Continental anticipates a growth rate similar to that achieved in 2015:
