Conti: High Losses And No Dividend

Although Continental AG increased turnover in 2001 to 11.2 bn Euro (+11.1%), high losses of 257.6 million Euro have been announced. The reasons for the bad figures are restructuring costs (especially the closing of tyre factories), plus the business units Continental Tire North America (CTNA) and the Commercial Tyre Business are again in the red. The shareholders will not receive a dividend.