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Recently, the German Continental Group declared to the public that it is believed that the company can achieve an adjusted EBIT margin of about 10% for the full year in 2011. 
Dr. Almar Degenhardt, Chairman of the Executive Board of the Continental Group, stated recently: “We expect that the positive effect brought by the full use of production capacity will largely compensate for the negative impact caused by rising raw material costs. Also, at present, it seems that the orders of the Continental Group will be as stable as ever."
Elmar Degenhardt believes: "We still insist that sales will reach a forecast of at least 295 billion euros. In addition, although the cost of raw materials greatly exceeds the expected amount, the realization of this goal looks very difficult at present. However, we are still convinced that in 2011 we could reach an adjusted EBIT margin of about 10% for the whole year."
It is understood that compared with the same period of last year, Continental Group's sales in the first nine months of 2011 increased by 18.0% to 22.6 billion euros. At the same time, the international auto parts company's EBIT (EBIT) amounted to 1.9 billion euros, an increase of approximately 540 million euros from the same period of last year, which represents an increase of nearly 40%.
German transport industry manufacturer. The main products are tires , brake systems, body stability control systems, engine injection systems, tachometers, and other automotive and transportation line parts. The company is headquartered in Hanover, Germany. As of now, the Continental Group has become the first tyre supplier in Europe and the fourth in the world. Since 2003, the Continental Group has become a leading supplier of original tires on the European market, as well as a leading manufacturer of winter tyres and adjustable tyres.