ContiTech up sales by 16%

CONTITECH AG, one of Continental AG’s five divisions reported sales of EUR3.6 billion in the past fiscal year, a considerable increase of 16% from last year’s figure of EUR3.1 billion. The operating result (EBIT) also improved, rising 13% from EUR370 million to EUR417 million. The return on sales reached 11.6%. EBIT adjusted for special effects increased by 12.4% from EUR397 million to EUR446 million, returning in a return on sales based on this value of 12.5%.

The positive sales figures are the result of good domestic and international business. Western Europe including Germany (62%) remains the main sales markets for ContiTech. The company said it has broken the record which in return created more job openings – ContiTech hired around 1,400 new staff at locations around the world.

In response to increasing urbanisation, ContiTech is making the activities of the Air Spring Systems business unit in the mobility sector the focal point of this year. It is introducing applications and innovative mobility concepts for urban transport. According to the company, they are working intensively on future-oriented mobility concepts that help improve the lives of people living in cities around the world. A particular highlight will be presentation of a new urban means of transport equipped with products originating from the air spring specialists.(PRA)