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"In the third quarter, the adjusted operating result will be
around 770 million euros. It is a bit higher than what we had
announced," Schaefer said in an interview with Reuters, adding
that the company had in August guided for more than 700 million
euros.
Revenues will be around 10.8 billion euros for the third
quarter, Schaefer said, which compares with 10.7 billion in the
year-earlier period.
Auto production in China declined by 5 percent in the third
quarter, falling short of Continental's internal estimates.
Revenues have taken a hit as a result.
"With revenues of 10.8 billion euros we are at the lower end of
our expectations," Schaefer said.
For the full year, Continental's revenues could come to around
44.5 billion euros, compared with its aim for around 45 billion,
Schaefer said.
The adjusted return on sales for the full year, is expected to
be more than 9 percent for the group and around 7 percent for
the automotive division, Continental said.
The Hanover, Germany-based company is due to release full
quarterly earnings for the June-to-September period on Nov. 8.
($1 = 0.8772 euros)
(Writing by Edward Taylor; Editing by Maria Sheahan)
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