Continental is on track to achieve its 2015 profit forecast, finance chief Wolfgang Schaefer said.

"Despite the dwindling tailwind from the raw materials costs and the somewhat low utilisation of capacities typical for the summer months, we are confirming the forecast for all of 2015. We currently see a stable environment at the good level of the first half of the year," Schaefer said.

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In August, the company raised its 2015 forecast for adjusted profit margin from more than 10.5% to around 11%, ET Auto.com reported citing Reuters.

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