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January 23, 2022
BUSINESS

Continental reports positive figures for Q1

Continental concern earnings before interest and taxes (EBIT) amounts to EUR 494 M and is EUR 650 M higher than the comparative amount of the same time last year, when the lowest recession level in this economic sector was reached, according to a release remitted to our newsroom. The concern’s turnover rose in the first quarter, compared to the same time last year, by EUR 1.7 bln, amounting to approximately EUR 6 bln. The international car industry supplier presented these reference figures on Wednesday, in the Hanover General Assembly. “Our business has continued to consolidate in the first quarter of 2010. The turnover and earnings are a stable basis for reaching the targets set in 2010 by the concern as a whole, even if it is difficult to anticipate how the European car industry will evolve in the second quarter,” chairman of the Continental Board, Dr. Elmar Degenhart, said.

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