Continental reports 'double-digit' gains and increased sales

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Continental A.G. is also celebrating financial gains in its latest fiscal report. The tire division of the company has reported ‘double-digit’ gains in both earnings and sales for the six-month period ending June 30.

This breaks down to show operating income being up by 35.2% over the half year, taking the figure to US$1.24bn. Sales over the same period were up 15.6% over the six-months to US$5.94bn.

5 q* }! v* d9 U( `The rise in figures can be attributed to a sustained volume sales from the same period of 2011, with lower sales in the Americas negated by increased sales in Asia. Commercial tires were up 2%.
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+ N6 ^& Y/ Y4 `Following news of the figures, Continental management are confident that it can achieve its predicted 7% growth for the full fiscal year.
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“Nonetheless,” Continental executive board chairman Elmar Degenhart cautioned, “we must continue to keep a close eye on the uncertainties on the global sales markets, the difficult economic situation in some European Union member states and the slowdown in global economic growth.”

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牛掰 还能两位数的增长