The tire manufacturer and car supplier Continental defies the weak industry environment and customs costs in the car division.
Before special accounting effects before the planned list of stockings on September 18, the business part to be split -up achieved a profit margin that was adjusted for interest and taxes of 4.0 percent and thus at the top of the forecast span at the upper end of the year, which announced how continental on Tuesday in Hanover. That was 1.1 percentage points more than a year earlier and a little more than expected from analysts before.
Conti reduces over 10,000 jobs in the division, which shows up. While the division of the division in the second quarter of the annual comparison due to the weak dollar by $ 5.0 percent to 4.7 billion euros, the order input was significantly higher at 5.7 billion euros.
In the overall group, the proceeds shrank by 4.1 percent to 9.6 billion euros. The bottom line was that net profit rose by two thirds to 506 million euros. It also came into play that Conti has to book fewer depreciation before splitting off the auto delivery because the division is considered a non -continuing part of the business.
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Hannover (dpa-Afx)
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