Restructuring Benefits Conti Figures

Continental’s second quarter results are generally encouraging; better than forecast by analysts. Group sales were up slightly (0.2 per cent) compared to Q1 last year, at 2.

925 billion Euros. Operating income was 193 million Euros. Divisionally, the best growth in sales was achieved by the Automotive Systems division, which gained 10.

8 per cent. Revenue at the other divisions – car tyres, truck tyres and ContiTech – all fell, though all made a profit. Analysts regard Conti’s restructuring as the main reason for the good figures although the North American business of Conti General continues to have an adverse effect on profits.