Conti reports good Q1 figures; truck tyre sales down

ERJ staff report (DS)

Hanover, Germany — After the first three months of 2008, Continental AG, said it is on course to achieve its targets for the year. “Despite the in part unsatisfactory trends on the tyre markets, we have clearly exceeded our expectations for the corporation on the whole,” said Continental Executive Board chairman Manfred Wennemer in Hanover.

The company reported higher sales in two divisions: passenger car and light truck and in the ContiTech division. However sales in commercial vehicle tyres declined. Also, EBIT in…

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