Raw materials costs hit Conti Rubber Group

Hanover, Germany – Continental AG’s tire sales have slipped 4.4% year-on-year to €2,635.5 million in the first quarter of 2018, due in part to exchange rate effects and “changes in scope of consolidation”.

In the first three months of 2018, sales volumes for passenger and light truck tires in both original equipment business and tire replacement business were down “slightly” compared with the first quarter of 2017.

Sales figures in commercial-vehicle tire business were also 5% lower than the high level of the previous year, Conti added.

At…

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