Continental Achieves Significant Profit Increase Despite Industry Challenges

The automotive supplier boosts profits through price hikes and cost-cutting measures amid a declining market.

Continental reported a 63% increase in net profit for the third quarter, reaching 486 million euros.
The company's revenue decreased by 4% to 9.83 billion euros, reflecting broader industry struggles.
Price increases and successful cost-cutting, including significant job reductions, contributed to the profit rise.
Continental's management has revised its annual revenue forecast to between 39.5 billion and 42 billion euros.
The company is considering spinning off its automotive supply division, with a decision expected by the end of the year.