[ Car home information ] 2021 year 8 month 5 Japan , Continental released its second quarter results . Considering the current macroeconomic challenges , Continental is 2021 In the second quarter of, we made great achievements . Although the business of the automotive technology sub group is affected by the continuous shortage of electronic components , The business performance of the rubber technology sub group was strong , Especially thanks to the outstanding performance of the tire business group .
data display ,2021 The group's sales in the second quarter of 2014 were 99 Billions of euros , Year-on-year growth 49.7%（ Affected by COVID-19's first blockade ,2020 In the second quarter of, the group's sales were 66 Billions of euros ）. Regardless of the scope of consolidation and the impact of exchange rate changes , Sales have increased 55.3%. Compared with the weak same period last year , Adjusted EBIT increased to 7.11 Billions of euros （2020 Second quarter ：-6.35 Billions of euros , growth 13 Billions of euros ）. The adjusted EBIT margin is 7.2%（2020 Second quarter ：-9.8%）. The total net income is 5.45 Billions of euros （2020 Second quarter ：-7.41 Billions of euros ）. The second quarter , Eliminate acquisitions 、 The free cash flow affected by asset stripping and splitting is 3.27 Billions of euros (2020 Second quarter ：-18 Billions of euros ).
Chairman of the Executive Board of continental , CEO situ Che （Nikolai Setzer） Express ：“ The bottleneck of chip supply and the rising price of raw materials , The pressure on the auto industry will continue 2021 whole year . In the rubber technology sub group , Following the good performance in the first three months of the fiscal year , Business continued to grow in the second quarter . Despite the challenges posed by rising raw material prices , Continental's overall performance remained strong in the first half of the year . meanwhile , In the automotive technology sub group , We clearly feel the impact of the chip supply bottleneck . meanwhile , Orders for key technologies such as large vehicle display show that , The market demand for our digital technology is growing .”
Member of the Executive Board of continental 、 Chief financial officer Wolfgang Schafer Express ：“ After last year's historic downturn , Despite the challenging market environment , Continental still achieved satisfactory results in the last quarter . Thanks to the 4 Month to 6 Lower capex levels in the month , We have abundant free cash flow . however , We plan to keep 7% Annual capex ratio （ The capital expenditure rate in the second quarter was 4.6%）.”
In terms of market segments ,2021 year 4 Month to 6 month , The development of automobile market shows significant regional differences again . Preliminary data show , The total global automobile production is 1880 Thousands of cars , falling 8.9%, It is significantly lower than that in the first quarter of this year 2060 Thousands of cars . Due to the serious shortage of semiconductor supply , And 2021 Compared with the first quarter of , Car production in North America has fallen 11.5%, by 320 Thousands of cars , Car production in Europe has fallen 12.0%, by 410 Thousands of cars . Only the output of the Chinese market is comparable to 2021 The first quarter of 2013 was basically flat , by 580 Thousands of cars , Added 0.1%.
For the next market outlook and 2021 Fiscal year expectations , Continental believes that in the coming months , Market development will continue to fluctuate . The supply shortage of semiconductors will continue to have a significant impact on automobile production . The output of passenger cars and light commercial vehicles last year was 7460 Thousands of cars , Continental expects to grow... This year 8% to 10%（ It was previously expected to be 9% to 12%）.
So , Continental is adjusting its full year forecast for continuing operations （ Not including WeiPai Technology ）. Continental expects , The group's sales are about 335 Billion euros to 345 Billions of euros （ It was estimated that 325 Billion euros to 345 Billions of euros ）, The adjusted EBIT margin is approximately 6.5% to 7.0%（ It was estimated that 6% to 7%）.
For the going concern business of the automotive technology sub group , Continental currently expects sales of 160 Billion euros to 165 Between 100 million euros （ It was estimated that 160 Million to 170 Billions of euros ）, The adjusted EBIT margin is 0.5% to 1.0% Between （ It was estimated that 1% to 2%）. As already announced , This covers about 2 An additional freight cost of € billion , And additional research and development costs in the profitable growth field of assisted and autonomous driving （ At present, the total is about 1.5 Million to 2 Billions of euros ）. The adjustment of EBIT margin is also mainly affected by the one-time accounting impact caused by the planned split of WeiPai Technology （ about 8000 Thousands of euros ）. Although this affects the adjusted profit margin of the automotive technology sub group , But it does not affect net income .
The sales of the rubber technology sub group are expected to be in 172 Billion euros to 178 Between 100 million euros （ It was estimated that 165 Million to 175 Billions of euros ）, The adjusted EBIT margin is approximately 12.5% to 13.0%（ It was estimated that 11.5% to 12.5%）. This already includes the cost of raw materials （ Mainly synthetic rubber and natural rubber ） Increased to 5 The impact of billion euros （ It was estimated that 3.5 Billions of euros ）.
After the split of WeiPai Technology , The newly established entrusted production sub group of continental will be responsible for the relevant entrusted production business . at present , There is still a 21 Two production bases are producing both WeiPai technology and continental products . therefore , Continental must produce products for WeiPai technology in the form of entrusted production , vice versa . This entrusted production business will gradually decline in the next few years . The estimated sales of the new commissioned production sub group is about 2.5 Billions of euros , The adjusted EBIT margin is approximately 2% to 3%. Eliminate acquisitions 、 The free cash flow affected by asset divestiture and split is used for going concern , It is still estimated to be about 11 Million to 15 Billions of euros .（ compile / Car home Li na ）