Continental ups raw material cost estimate -reports

Newswire

FRANKFURT, June 28 (Reuters) - German tyre and automotive components maker Continental AG has increased its estimated additional burden to 2006 earnings from continued high raw material prices, equity analysts said in research on Wednesday. Citing a presentation by Chief Executive Manfred Wennemer in Hanover on Tuesday, German banks HVB and Dresdner Kleinwort Wasserstein said that the world's fourth-largest tyre maker now expected added costs of up to 300 million euros ($377 million) ...

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