Continental has posted second-quarter consolidated sales of EUR6.62bn (US$7.62bn).

Year-on-year organic growth (adjusted for changes in the scope of consolidation and exchange-rate effects) was -39.8%.

Sales in the Automotive Technologies group sector were EUR2.56bn and adjusted EBIT margin was -18.1%. Organic sales were -45.6%.

The Rubber Technologies group sector achieved sales of EUR2.96bn and an adjusted EBIT margin of 1.2%. Organic sales were -33.1%.

In the Powertrain Technologies group sector, sales were EUR1.13bn and the adjusted EBIT margin was -16.3%. Organic sales were -40.8%.

"Though the business situation improved substantially over the course of the second quarter, the environment continues to be characterised by considerable uncertainty due to the ongoing coronavirus pandemic," said a Continental statement.

"It thus remains difficult to gauge possible further adverse consequences on production, the supply chain and demand. For this reason, Continental is currently still refraining from providing an outlook for the 2020 business year."

Continental will report its interim report for the first half of 2020 on 5 August, 2020.

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https://www.continental.com/en/press/press-releases/half-year-2020-227536

Original source: https://www.continental.com/en/press/press-releases/half-year-2020-227536