Like the previous quarters, Continental Group continued to benefit from the strong rebound in the automotive industry in the fourth quarter of 2010. Dr. Elmar Degenhart, chairman of the Continental Group, a global auto parts supplier, held at the North American International Auto Show in Detroit, United States, said: “By the better than expected business in the last three months of 2010, our 2010 sales exceeded 255 The success of EUR billion, despite the fact that the price of raw materials hit a record high in 2010 and increased the rubber group's business by an additional 480 million in costs compared to the same period in 2009, Continental's 2010 adjusted interest-rate tax The difference between the previous earnings will still reach 9.5%."
Dr. Elmar Degenhart pointed out that in the fourth quarter and the entire fiscal year, the adjusted EBIT margin of the powertrain system business was higher than the breakeven point. This means that the mid-term objectives of this business unit are achieved one year ahead of schedule. Sales of winter tyres in the sedan and light truck tyres set a new record in 2010, with a total of more than 20 million sales. The Group will publish the financial report for the fourth quarter and fiscal year 2010 at the press conference in Frankfurt on March 3, 2011.
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