Conti’s Q3 figures boosted by Phoenix results

Hanover, Germany — Continental AG says it remains on the road to success despite rather weak economic conditions in the automotive industry, particularly in the US.

In the first nine months Conti reported consolidated sales ahead by 11.1 percent to Euro 10 241 million from Euro 9,214 million a year earlier. The company said Phoenix contributed Euro 734.2 million in sales. Before consolidation changes and exchange rate effects, consolidated sales increased by 4.2 percent. The consolidated operating result (EBIT) was up 35.9 percent to Euro 1138…

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