{"id":1908,"date":"2016-11-17T11:41:28","date_gmt":"2016-11-17T06:11:28","guid":{"rendered":"http:\/\/www.tyremarket.com\/tyremantra\/?p=1908"},"modified":"2023-07-21T17:40:37","modified_gmt":"2023-07-21T12:10:37","slug":"continental-third-quarter-2016-earnings-sees-a-dip","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/continental-third-quarter-2016-earnings-sees-a-dip\/","title":{"rendered":"Continental Third Quarter 2016 Earnings Sees A Dip"},"content":{"rendered":"<p>While the <a href=\"https:\/\/www.tyremarket.com\/Continental-Car-Tyres\">Continental tyre<\/a> has achieved some moderated sales growth in the 3rd quarter of 2016, the company has reported that \u201cseveral isolated and unrelated circumstances\u201d in its automated divisions had a \u201cnegative impact on earning\u201d.<\/p>\n<p>As commented by Dr. Elmar Degenhart, the chairman of Continental\u2019s Executive Board that the sales growth in the automotive business gained momentum in the third quarter and with this organic growth of over 6 percent, they once again are in good position from where they can grow faster than the market with their solutions for safe, efficient and intelligent driving.<\/p>\n<p>Although there has been growth in the sales to 3.8 percent year-on-year to Euro 10.0 billion, however warranty cases, pending antitrust proceedings and increased Research and Development expenses impacted them negatively of Euro 450 million on the automotive group\u2019s earning. This impact has dragged overall EBIT down by 42.4 per cent to Euro 596.3 million, which further led to the drastically contracting of the margin to just 6 percent from the 10.8 percent. Moreover, their Net Income dropped by 40.5 percent to Euro 378.5 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While the Continental tyre has achieved some moderated sales growth in the 3rd quarter of 2016, the company has reported that \u201cseveral isolated and unrelated&#8230;<\/p>\n","protected":false},"author":4,"featured_media":1792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[994,997,289],"class_list":["post-1908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-continental-ag-profits-q3","tag-profits-of-companies-in-q3","tag-tyre-reviews"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Continental Third Quarter 2016 Earnings Sees A Dip<\/title>\r\n<meta name=\"description\" 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As of today I\u2019m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.\",\"sameAs\":[\"http:\\\/\\\/tyremarket.com\"],\"url\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/author\\\/ankit_verma\\\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Continental Third Quarter 2016 Earnings Sees A Dip","description":"While the Continental tyre has achieved some moderated sales growth in the 3rd quarter of 2016, the company has reported that \u201cseveral isolated 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