Hanover, Germany – Continental AG’s first quarter pre-tax operating income rose 24 percent and all of the firm’s operating divisions reported improved earnings over the 2006 period.
ContiÂ´s earnings before tax and interest grew to â‚¬436.8 million on 9.8-percent higher sales of â‚¬3965 million. Net income was up 21.9 percent to â‚¬270.5 million.
Conti Chairman Manfred Wennemer said he expects the company will achieve its sales and earnings goal for the year, although raw material prices continue to be an uncertainty.
ContiÂ´s passenger/light truck tyre division improved…