Conti revises down Rubber Group earnings outlook

Hanover, Germany – Continental AG expects exchange rate and inventory valuation effects to impact its earnings by around €150 million in the first half of 2018, with its tire business primarily affected.

In an 18 April statement, the German technology group said the adjusted operating results (adjusted EBIT) for the first quarter of 2018 in the Rubber Group would be about €100 million lower than the same period in 2017.

Conti did offer further details on the decision, but said it does not expect to compensate for the negative…

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