• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Premium Report
  • Features
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Aftermarket 2020
    • Tyre Recycling 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Search
  • Menu
You are here: Home1 / News2 / Product News3 / Continental Profit Figures Continue To Improve

Continental Profit Figures Continue To Improve

Date: 7th December 2000 Author: Admin Comments: 0

Continental Shares Recommended As A Buy [4/2000] With an increase in sales of 35% to 9.13 bn Euros and an EBIT of 511 million Euros, the group has produced excellent results, with all parts of the group in the black. The passenger car tyre segment turnover was 2.

547 bn Euros; an increase of 6.6% over the previous year. The increase came mainly from the successful winter tyre segment, where Continental’s European sales were 13.

5 m units (1998 12.1 m). Unit sales of high performance tyres rose from 15.

8 m units in 1998 to 17.1 m units. The commercial tyre segment grew by 15.

8%, but the results were not as good as in 1998. The group managed to sell more units due to the acquisition of Continental General in South Africa and the joint venture with Matador. Continental General improved sales figures by 21.

5% for a turnover of 1.494 bn Euros. This was mainly because of the acquisition of the Mexican Euzkadi Group.

Without Euzkadi, Continental General’s increase would have been 2%. ContiTech achieved a turnover of 1.716 bn Euros and Continental Teves sales totalled 2.

544 bn Euros. Analysts recommended Continental shares as a ‘buy’ or even a ‘strong buy’..

Related news:

  1. Conti Completes 100% Acquisition of Matador Rubber
  2. Matador sells share in Addis Tyre
  3. Large TiWheel Share Trade Under Scrutiny
  4. Apollo to Buy ‘Overseas Tyre Maker’
Comments
Comments closed
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
  • Per E-Mail teilen

Related Tags

acquisition, Africa, Continental, joint venture, shares, South Africa

Advert Location 28

Top five articles this week

Advert Location 10

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Ford Ambitious to Become Largest Tyre Marketer in USA Agricultural Tyre Market: 2001 has been a difficult year
Scroll to top