ContiTech achieves best sales performance in the company's history
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| 30/04/2012 - GERMANY |
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Even in these turbulent times marked by the financial and euro crisis, ContiTech AG, one of Continental AG’s five divisions, has remained on course for success. The Hanover-based technology company generated sales of €3.6 billion in the past fiscal year, thereby posting a considerable increase of 16%.
The operating result (EBIT) also improved, rising 13% from €370 million to €417 million. The return on sales reached 11.6%. EBIT adjusted for special effects increased by 12.4% from €397 million to €446 million, resulting 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. The main sales markets for ContiTech products remain Western Europe including Germany (62%). All business units worldwide saw significant growth.
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| Source: ContiTech |
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