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Continental H1 profit up 4% to EUR1.6bn

By Simon Warburton | 6 August 2018

Continental has posted first-half net income up 4% to EUR1.6bn (US$1.8bn), with sales growth rising 5.4% to EUR22.4bn.

"Our technological strength underpins our rapid and profitable growth," said Continental CEO, Elmar Degenhart. "It makes mobility around the world safe, clean and intelligent.

"It is pioneering for the mobility of the future and vital for our long-term success in an environment characterised by change and uncertainty. Our profitable growth in the second quarter is further proof of our strength.

"In addition, the high order intake in the field of electric mobility is also quite gratifying and demonstrates our product portfolio is fit for the future." In the first half of the year, more than EUR1bn in orders were received for products and systems for hybrid and electric cars.

"At over EUR20bn, order intake continues to be at a record level in the entire automotive sector after six months."