Continental reports higher earnings, raises outlook for tires business

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SaltWire's Atlantic regional weather forecast for November 7, 2023 | SaltWireBERLIN - Continental reported a 7.1% rise in its adjusted operating result to 637 million euros on Wednesday and slightly raised its outlook for the tires business off the back of a strong quarter.

The supplier now expects an adjusted earnings margin in the tires business of 12.5 to 13.5%, from 12-13% previously. It adjusted the sales outlook for its cars sector slightly downwards to 20 billion euros from 21 billion previously because of the negative impact of currency exchange rates.

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