Arab Today, arab today german tyre maker continental confirms outlook
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

German tyre maker Continental confirms outlook

Arab Today, arab today

Arab Today, arab today German tyre maker Continental confirms outlook

German auto parts and tyre maker Continental
Berlin - AFP

German auto parts and tyre maker Continental on Tuesday confirmed its outlook for the year after a third quarter marked by a solid boost in sales but a sharp drop in underlying profit.
Between July and September, group net profit rose 14 percent to 295 million euros ($369 million) and its turnover increased nearly four percent to 8.7 billion euros, Continental reported.
But it said the weak performance of its powertrain division had weighed on underlying or operating profit during the same period.
Earnings before interest and taxes (EBIT) tumbled 28 percent to about 638 million euros, according to a calculation by AFP.
The Hanover-based company focused on nine-month earnings, in which turnover increased three percent to 25.6 billion euros and net profit jumped 14 percent to 1.8 billion euros.
"We are keeping our sights set firmly on our target for the adjusted EBIT margin, which we raised to around 11 percent after the first half of the year, and we even consider it realistic that we may slightly exceed this level at the end of the year," said chief executive Elmar Degenhart.
He said sales were expected to total about 34.5 billion euros this year, "despite the negative exchange rate effects of 650 million euros that we recorded in the first nine months".

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german tyre maker continental confirms outlook Arab Today, arab today german tyre maker continental confirms outlook

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german tyre maker continental confirms outlook Arab Today, arab today german tyre maker continental confirms outlook

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday