Conti could exceed earnings forecast

Hanover, Germany – Continental Corp. has announced a 14.1-percent net income increase year-on-year to €1.8 billion while its earnings per share climbed to €8.99 after €7.88 in the same period of the previous year. In a press release on 4 Nov, the automotive supplier, tire manufacturer and industrial partner confirmed its forecast for the current fiscal year after a solid third quarter.

“We are keeping our sights set firmly on our target for the adjusted EBIT margin, which we raised to around 11 percent after the…

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