Continental Posted Gains During Third Quarter

Continental AG posted a sales increase of 29.3% and an adjusted EBIT gain of 46.7% during the third quarter of 2022. The company's Tires group achieved a 21.8% increase in sales during the quarter.

Nov. 22, 2022

Continental AG posted a sales increase of 29.3% and an adjusted EBIT gain of 46.7% during the third quarter of 2022. The company's Tires group achieved a 21.8% increase in sales during the quarter.

Gains were achieved despite "the challenging economic environment with soaring costs for raw materials, semi-finished products, energy and logistics," according to Continental officials.

"In light of the challenging environment, we did well to achieve our third quarter forecast," says Continental CEO Nikolai Setzer.

Sign up for Modern Tire Dealer Newsletters
Get the latest news and updates.