Conti posts higher sales, earnings impacted by cost of raw materials

Hanover, Germany – Continental AG’s Rubber Group, which includes ContiTech AG and its Tire Division, has been impacted by higher costs of raw materials, despite a rise in sales in the first three quarters of the year.

The German corporation announced 9 Nov that, over the first nine months, sales within the rubber unit grew 9% to €13.0 billion compared to €11.9 billion in 2016.

The company is leaving its sales forecast for the…

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