By Denna Bowman
Rising demand for greener and safer tyres is helping to increase revenue to a higher level than expected, according to a Bloomberg report.
Europe’s second-biggest car-parts maker announced that revenue in the fourth quarter will be slightly higher than in the third as the company’s tyres and electronics businesses grew faster than competitors.
Customer demand shows that the fourth quarter is developing very well, said Antje Lewe, a spokeswoman for the Hanover, Germany-based company, confirming a report in yesterday’s Sueddeutsche Zeitung.
It is reported that Lewe revealed in a telephone interview that: “The environmental requirements for tyres and the higher safety requirements is something from which we as a supplier are profiting.
“Demand from our customers particularly in the tyre business and the electronics business has grown strongly.”
Continental has predicted full-year revenue of €29.5 billion or more. It will publish full fourth-quarter figures alongside its annual results on 1st March 2012.