continental_logo_flags_uv-thumbnail

Conti raises sales forecast on strong start to 2017

Hanover, Germany – Continental AG has increased its sales projections for the year 2017 following a strong performance in the first quarter, ended 31 March.

Organic sales over the three months grew 9.5% year-on-year to €11 billion, largely due to the contributions made by the company’s automotive divisions, the German group said in a 9 May release.

Operating earnings (EBIT) increased 9.1% percent year-on-year to over €1.1 billion. Adjusted operating result (adjusted EBIT) climbed 7.0% to just under €1.2 billion.

“We are raising our sales projection for the…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with