Conti eyes 5% growth, 10% earnings ratio in 2012

ERJ staff report (TB)

Hanover, Germany — Continental A.G. management expects sales to rise more than 5 percent this year, to about $43 billion, even though the firm is projecting global vehicle growth of only about 1.3 percent and only “slight” growth in key replacement tyre markets.

Conti is basing its growth projections on the “rapid development and large-scale marketing of innovations,” according to comments CEO Elmar Degenhart made during the presentation this week of the firm’s 2011 fiscal results.

Degenhart pointed out Conti intends to stay at…

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