** Shares in Continental CONG.DE are down around 2% after the German tire and car part maker reported Q2 EBIT 10% below consensus estimates

** J.P.Morgan says that result was driven by a weaker margin in the tires division, which declined from 13.4% in Q1 to 12% in Q2

** It adds that rubber and plastic making subsidiary Contitech showed slight Q/Q improvements in revenue and profitability despite a "challenging market environment"

** Up to the previous session's close, shares were up 12.6%​ YTD

(Reporting by Cian Muenster)

((Cian.muenster@thomsonreuters.com))