UPDATE 1-Reuters Forum-Continental CEO sees 2007 EBIT gain

Newswire

(Adds details, quotes) PARIS, Sept 27 (Reuters) - German tyre and car parts maker Continental AG said reported earnings before interest and taxes (EBIT) might increase in 2007, helped by expected lower raw material costs. "The company is growing, and we should be able to increase our absolute EBIT," Chief Executive Manfred Wennemer told the Reuters Automotive Forum in Paris on Wednesday. He said that the profit margin might narrow, however. "When you look at margin percentages, there ...

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