HANOVER, Germany-Continental A.G. has reported preliminary second quarter sales of $3.47 billion for its tires group sector, in-line with consensus estimates. Adjusted earnings (EB11) margin at the tire manufacturing business came in at 13.8 percent-slightly above analysts' expectations of 13.6 percent. The Hanover group's unaudited figures, meanwhile, posted sales of about $1.64 billion at ContiTech, matching its consensus total. However, adjusted EBIT margin at the industrial rubber products unit came in at 4.9 percent, well behind the 5.7 percent projected by market watchers.
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