Conti’s rubber business registers growth in 2016

Hanover, Germany – Continental AG’s Rubber Group has posted a 2% rise in sales at €16.0 billion for the full year 2016, the German company has announced.

Earnings for the rubber business rose 11% to €3.6 billion compared to 2015, with both Tire Division and ContiTech posting growth.

The Tire Division’s earnings (EBITDA) were up from €2.6 billion to €2.8 billion in 2016, while ContiTech also posted a sharp rise of 26.6% in earnings at €731 million.

Sales in the ContiTech recorded organic growth of 2.5% to €5.5…

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