Conti rubber results down on slow demand, high costs

Hanover, Germany – Continental AG’s rubber group generated total sales of around €13.01 billion in the first nine months of 2018, only slightly up from €13.00 billion for the same period last year.

Earnings (EBITDA) fell 8.4% to €2.32 billion for the nine months to end of September, the German technology and automotive supplier said 8 Nov.

Tire sales for the period declined 11% to €8.28 billion for the period, despite a slight rise in sales in the third quarter.

Tire segment’s earnings also fell 9.7% to €1.79…

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