Continental has reported third-quarter sales up 7% to EUR10.7bn (US$12.5bn), while the nine-month equivalent rose 9% to EUR32.7bn.
“We are steadily continuing our successful path,” said Continental chairman, Elmar Degenhart. “After nine months, we increased our sales by 9% to EUR32.7bn. Our adjusted EBIT margin is 10.6%.
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“We are therefore completely on track and will comfortably achieve our annual targets. We have put our money on the right horses with our technologies for safe, efficient and intelligent mobility.
“We closed the third quarter with sales growth before changes in the scope of consolidation and exchange rate effects of 8%. This means we once again grew much faster than our reference markets.
“For example, the global market for passenger cars and light commercial vehicle production grew by just 2%.”
