Continental’s Q2 sales decline 41% y/y to USD7.4 billion

Financial results

Company refrains from giving financial guidance for FY 2020

Continental’s sales declined 41.2% y/y to EUR6.62 billion (USD7.4 billion) in the second quarter ended 30 June 2020, the Germany-based automotive supplier said in a press release on 5 August. Organic sales—sales adjusted for changes in the scope of consolation and the exchange rate effect—dropped 39.8% y/y.

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