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Continental AG Reports Net Income In Q2 HANOVER (dpa-AFX) - Continental AG (CTTAY.PK) said ongoing shortage of semiconductors severely slowed automotive production in the company s second quarter, as expected. However, the Rubber Technologies group sector reported strong figures, due to the positive performance of the tire business. The chip bottleneck and rising raw material prices are set to weigh on the automotive industry throughout 2021, said Nikolai Setzer, Continental CEO. Second quarter net income was 545 million euros compared to a loss of 741 million euros, previous year. Earnings per share was 2.72 euros compared to a loss of 3.70 euros. Adjusted EBIT was 711 million euros compared to a loss of 635 million euros. Adjusted EBIT margin was 7.2 percent, for the quarter. Consolidated sales totaled 9.9 billion euros, up 49.7 percent from last year. Before changes in the scope of consolidation and exchange-rate effects, sales rose by 55.3 percent. The company noted that its

Nikolai setzerRubber technologiesநிகோலாய் சேற்ஜேற்ரப்பர் தொழில்நுட்பங்கள்