Fiscal 2010 adjusted EBIT margin of about 9.5%
And the same as the previous quarter, Continental continued in the fourth quarter of 2010 benefited from a strong rebound in the automotive industry. Tuesday at Detroit's North American International Auto Show held in the global automotive supplier Continental's chairman Dr.ElmarDegenhart said, "With the last three months of 2010, better than expected business, our 2010 sales hit a over 25.5 billion euros of success, though, compared with a year earlier, raw material prices since a record high in 2010, the Rubber Group's businesses also provide some 480 million of the costs, but Continental in 2010 adjusted income the difference between pre-tax income will reach 9.5%. "
Dr.Elmar Degenhart pointed out in the fourth quarter and full fiscal year, powertrain operations adjusted EBIT above the breakeven point. This means that medium-term objectives of this business unit achieved one year ahead of schedule. Department of cars and light truck tires winter tires sales in 2010 to create a new record sales total more than 2 million bar. The group will be March 3, 2011 Frankfurt press conference to announce fourth quarter and fiscal year 2010 financial report.
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