German mainland sales increased by 17.6 billion euros in the first half of the year to 14.9 billion euros

Continental Group, a multinational auto parts supplier, released its financial report for the first half of 2011 on July 29, 2011. In the first half of 2011, the Continental Group achieved a strong double-digit growth in sales and operating profitability. On this basis, the Group has increased its business expectation for the business year. Dr. Almar Degenhardt, Chairman of the Executive Board of the Continental Group, stated: “We now expect sales to reach at least €29.5 billion. We previously expected sales to exceed €28.5 billion. In addition, the Group will strive to achieve adjustments. The EBIT margin reached about 10%, slightly higher than the 9.7% level in 2010."

Compared with the same period of last year, Continental Group's sales in the first half of the year increased by 17.6% to EUR 14.9 billion. At the same time, the auto parts supplier’s EBIT was approximately 1.3 billion euros, an increase of 270 million euros (26.7%) from the same period of last year.

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