Continental Rearranges Trading Activities

A management buy-out finally helped the Group to divest itself of their trade chain NTS, which has been in the red for some time. It is said that over the last three years only, they had to meet with losses of more than 50 million Euro. And despite of a turnover of more than 200 million Euro, even Vergölst, another trade chain, also failed to avoid considerable losses.

In an interview with NEUE REIFENZEITUNG, Dr. Hartmut Wöhler, the Group’s director for trading activities, however assured NEUE REIFENZEITUNG that after last year’s losses of almost a double-digit million sum, this year is ought to see a “black zero”. For Wöhler these unsatisfactory results, amongst others, were due to the repeated management changes which had impacted upon these trading chains over the last 20 years, resulting in a lack of continuity.