Continental will exceed the record sales and profit levels it achieved in 2005, according to executive board chairman Manfred Wennemer. At the interim results presentation, he stressed that the international automotive supplier had raised its adjusted EBIT by 10.1 per cent to 1.18 billion euros after nine months compared with the same period of 2005. “In our industry, it does not really make much sense to look at the quarterly figures. Nevertheless, the third quarter 2006 again shows that, with an adjusted EBIT of 410.3 million euros, we are nearly on par with the adjusted figures for the same period of 2005. In view of the costs for raw materials, which reached a temporary peak this quarter, and the production cutbacks of key customers in the US, we feel this is remarkable, since a year ago we achieved our best ever quarterly result.”