Conti rubber business posts flat Q3

Hanover, Germany – Continental AG’s Rubber Group has published its third quarter 2016 results, posting a slight drop (0.7%) in earnings (EBITDA), to €821.5 million, on sales which came in virtually flat at around €4 billion.

For the first three quarters of 2016, the Rubber Group generated sales of €11.9 billion, up from €11.6 billion in 2015. Earnings for the nine months rose to €2.62 billion from €2.44 billion in 2015.

The outlook for the Rubber Group, as stated by Conti on 17 Oct, put sales at…

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