Continental rubber group earnings down

Hanover, Germany – Continental Corp.’s rubber group has posted an 8% year-on-year decline in earnings (EBIDTA) at €3.19 billion for full year 2018.

Sales for the segment, which includes the tire division and ContiTech, rose 6% for the year to €17.60 billion, Continental said in its preliminary results published 7 March.

Tire sales remained flat for the period at. €11.3 billion, while earnings fell 9.2% to just under €2.5 billion.

Industrial parts and systems division, ContiTech reported a 6.5% decline in earnings at €701 million on 1% higher…

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