Continental AG declined to provide an outlook for the remainder of the year, citing the uncertainties relating the COVID-19 pandemic.
The company’s consolidated sales, including automotive, rubber and powertrain technologies, in Q3 2020 dropped to €10.295bn ($12.1bn) from €11.103bn in Q3 2019.
Automotive technology sales declined to €4.101bn in the third quarter of the year from €4.673bn in the same quarter last year.
The automotive part manufacturer’s consolidated adjusted EBIT margin rose to 8.1pc in Q3 2020 from 5.6pc in Q3 2019. The firm’s adjusted EBIT margin for its automotive technology sector declined to 2.4pc in the third quarter of the year from 5pc in Q3 2019.
€1 = $1.18