At the same time, EBITDA fell by 17.8%, to E848 million, while adjusted EBIT fell by 19.8%, to E410 million.
In the end, Continental recorded a net loss of 250 ME, far from the net profit of 545 ME in the 2nd quarter of 2021.
‘We are making significant progress in the development and marketing of our technologies, with a strong order intake in the Automotive sector (more than 6 MdsE, editor’s note). It shows that we have the right strategy and the right positioning,’ said Nikolai Setzer, CEO.
For her part, Chief Financial Officer Katja Drrfeld believes that ‘the current headwind is more like a hurricane, but we are optimistic for the second half. We therefore maintain our outlook for the current financial year’.
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