According to reports, thanks to the depreciation of the Euro, Continental Group achieved a significant increase in operating income for the first quarter of 2015, and the Group expects the growth trend to continue.
In the first quarter of 2015, Continental Group’s operating income reached EUR 95.69 billion, compared with EUR 8.390 billion in the same period of 2014, up 14.1% year-on-year; EBIT was EUR 978 million, up 8.3% from EUR 903 million in the same period in 2014; Profits were Euro 657 million, an increase of 11.7% year-on-year, compared with 588 million Euros for the same period in 2014.
In the first quarter of 2015, the revenue of the automotive division of the Continental Group increased from 5.129 billion euros in the same period in 2014 to 5.912 billion euros, a year-on-year increase of 15.3%; the rubber division’s revenue was 3.697 billion euros, 2014 The first quarter of the year was 3.271 billion euros, an increase of 12.2% year-on-year.
Among various product divisions, the chassis and safety division of the Continental Automotive Group reported revenue of 2.136 billion euros in the first quarter of 2015, a year-on-year increase of 13.7%; and revenue of the powertrain division was 1.827 billion euros, an increase of 15.7% over the same period last year; The revenue from the Automotive Electronics Division was 1.975 billion Euros, a year-on-year increase of 16.2%.
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