Car-parts giant Continental raises 2015 forecast on lower raw material costs
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CONTINENTAL AG, Europe's second-biggest maker of car parts, raised its 2015 profitability goal as lower supply costs bolstered second-quarter earnings. The stock jumped the most in 91/2 months.
Earnings before interest and taxes, and adjusted for one-time gains or costs, will amount to 11 per cent of revenue instead of an earlier prediction of more than 10.5 per cent, Hanover, Germany-based Continental said on Tuesday in a statement.
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