GERMANY: Continental operating profit better than expected
German tyre and car parts maker Continental AG on Tuesday reported a stronger-than-expected operating profit for 2002 and said it would reach the same earnings level again this year, Reuters said.
German tyre and car parts maker Continental AG on Tuesday reported a stronger-than-expected operating profit for 2002 and said it would reach the same earnings level again this year, Reuters said.
The news agency said the world’s fourth-largest tyre maker, emerging from a period of restructuring, reported that earnings before interest, tax and amortisation (EBITA) had risen to 694.3 million euros ($US735 million) from 33 million euros a year ago.
A Reuters poll of 16 analysts had forecast full year EBITA of 663 million euros.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
