German Manager Magazine: Conti increases profits, ContiTech cuts forecast003727

The car supplier and tire manufacturer Continental performed better in the third quarter than experts expected. Sales fell by 4 percent to 9.8 billion euros due to weak industrial business and declining car production. The operating result, adjusted for special effects, rose by 36 percent to 873 million euros, also due to the austerity measures.… Continue reading German Manager Magazine: Conti increases profits, ContiTech cuts forecast003727