Rubber costs cut Conti’s first-half earnings

Hanover, Germany – Sharply higher raw-materials costs at its rubber-based operations dented a strong first half at Continental, which saw sales rise by around 10% to €22 billion across the group and higher earnings in other business areas.

While sales in the first six months of 2017 at Continental’s Rubber Group grew 8.9% to €8.6 billion, the adjusted earnings (EBIT) margin was 15.1% compared to a prior-year 18.5%, a 3 Aug results statement showed.

The Rubber Group’s sales-increase included a contribution by the recently acquired Hornschuch Group,…

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