Conti profits up in Q3.(News)(Financial report)

Tire Business, November, 2009

Continental A.G.'s rubber group reported 11.2-percent higher pretax operating profit for the three months ended Sept. 30 despite 11.9-percent lower sales.

The rubber groupcomprising the consumer and commercial tire and non-tire rubber product businessesgenerated operating earnings of $548.2 million in the period on sales of $3.1 billion, for a 17.7-percent income ratio, or nearly four points higher than a year ago.

The three units in the rubber group each posted operating profits for the quarter and nine months, Conti said.

The passenger/light truck tire business posted earnings of $414.6 million on 6.4-percent lower sales of $1.82 billion, and the commercial tire business had profits of $16.3 million on 25.1-percent lower sales of $422.7...

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