BERLIN, July 20 Reuters Car parts supplier Continental reported a drop in sales in the second quarter to 9.4 billion euros 9.62 billion from 9.9 billion last year, with a margin of 4.4, in line with the company39;s earlier warnings of a subdued start to the year.
In preliminary results released by Continental on Wednesday, the automotive group sector reported a negative adjusted EBIT margin of 2.3, while the tyres division reported the highest margin at 13.8.
Adjusted free cash flow for the Group came in at 687 million euros, the supplier reported, far below consensus of 225 million euros.
The company is due to report secondquarter results on August 9.
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Reporting by Victoria Waldersee, Editing by Miranda Murray
Source Reuters