On August 3, 2017 Continental released its 6 months 2017 results. Wolfgang Schäfer, CFO, conducted an analyst & investor conference call presenting the H1 2017 figures.
Chief Financial Officer Wolfgang Schäfer was satisfied with the company’s sound sales growth and its financial position. “Our increased capital expenditure takes account of our strong growth,” said Schäfer, explaining the increase in capital expenditure on property, plant and equipment and software. This item rose by 26 percent to €1.16 billion in first six months of 2017. As a result, the capital expenditure ratio amounted to 5.3 percent after 4.6 percent in the comparative period of the previous year.
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