Hanover, Germany – Continental AG has announced its preliminary data for the first quarter of 2021, highlighting continued “numerous challenges” currently faced by the industry.
These, Conti said in a 21 April statement, include “the ongoing Covid-19 pandemic, the continued shortage of semiconductors, increasing costs for raw materials, constraints related to logistics as well as uncertainty and volatility in customer demand.”
During the first quarter of 2021, Conti’s Rubber Technologies group sector reported sales of €4.2 billion, up from €3.97 billion reported last year.
The adjusted EBIT margin was 14.5%, up from 9.8% in 2020.
Conti will release its first quarter statement on 6 May.