@ Continental Maintains Successful Path: Strong Growth Continues in Third Quarter (13/11/2017)

13 Nov 2017
20 times

Hanover, November 9, 2017. Continental successfully continued its dynamic growth in the third quarter of 2017. The technology company presented its business figures for the first nine months on Thursday, confirming its annual targets: “We are steadily continuing our successful path. After nine months, we increased our sales by 9 percent to €32.7 billion. Our adjusted EBIT margin is 10.6 percent. We are therefore completely on track and will comfortably achieve our annual targets,” said Continental’s Executive Board chairman Dr. Elmar Degenhart.

Degenhart expressed his delight over the strong sales growth: “We have put our money on the right horses with our technologies for safe, efficient and intelligent mobility. We closed the third quarter with sales growth before changes in the scope of consolidation and exchange rate effects of 8 percent. This means that we once again grew much faster than our reference markets. For example, the global market for passenger cars and light commercial vehicle production grew by just 2 percent.”

source : https://www.continental-corporation.com

Rate this item
(0 votes)