Continental AG posted net income of 822.1 million euros on net sales of 11.3 billion euros for the second quarter of fiscal 2018 ended June 30. That compares to income of 745.4 million euros on sales of 11 billion euros for the same period last year.
Continental AG's supervisory board has unanimously approved the company's proposed organizational overhaul.
Continental AG's executive board has provided an outline of a sweeping reorganization for the 147-year-old company. Continental's rubber business, which includes tires and ContiTech, will remain, though the tire division will get a new name: Tire Technologies.
Continental AG is donating 100,000 euros to the Welthungerhilfe aid organization to support Syrian refugees.
In a preview of its first quarter earnings, Continental Corp. is reporting an increase in sales of 14%, to about 9.6 billion euros, compared to the first quarter of 2014.
Continental Corp.'s sales grew by 3.6% in 2014, and the company is projecting a 5% increase in 2015 alongside an expected moderate growth of passenger car production, says Elmar Degenhart, chairman of the executive board.
The final results won't be published until Thursday, May 3. But Continental AG previewed its first-quarter financial results for 2012.
Continental AG plans to build a consumer tire manufacturing plant in the United States.
Continental AG posted earnings before interest and taxes of 634 million euros on consolidated sales of more than 7.3 billion euros for the first quarter ended March 31, 2011. That compares to EBIT of 494.4 million euros on sales of 6 billion euros for the same period in 2010.
Continental AG wanted to do something to show its "solidarity" with the people of Japan following the 9.0-magnitude earthquake that devastated the country one month ago on March 11.