Conti sets new records for sales, profit

ERJ staff report (DS)

Hannover, Germany — Continental has reported record results for the 12 months to December 2010. in the rubber sector, sales jumped by over 20 percent to euro 10 152 million, compared with 8068 millino a year ago. Employee count also rose strongly, to 61 265 at the end of 2010, compared with 56 183 a year earlier.

EBITDA margin on sales was 18.2 percent, up from 13 percent a year earlier. Capital expenditure also rose, but was low in comparison to other tyre…

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