Continental Q1 results start year on a high

ERJ staff report (LMH)

Hanover, Germany – Automotive supplier Continental is celebrating its most successful quarter since the end of 2007 with record highs for sales, EBIT and profit, the company said a 5 May report.

Sales in Q1 increased by 23 percent to more than euro 7.3 billion, while EBIT rose to euro 634 million with a sales margin of 8.6 percent. And net income rose by 68 percent year-on-year to euro 368 million although the German company noted that this was partially attributable to…

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