ERJ staff report (DS)
Hannover, Germany – Continental’s rubber group reported sales up by 20 percent in the 12 months to December 2011. The rubber group reported sales of euro 12,176 million in the period. Margins eased slightly, but were still healthy. Divisional profit (EBITDA) was recorded at euro 2014 million (2010: 1851 million).
Capital expenditure increased to euro 748 million (2010: 556 million), while R&D costs also increased to euro 241 million (2010: 223 million).
Rubber group sales were split between the Passenger car unit; the CV…