Conti 2017 results exceed targets

Hanover, Germany – Continental AG will exceed its 2017 targets with 8% growth in year-on-year sales, according to chairman of executive board Elmar Degenhart.

In a 9 Jan press conference during the Consumer Electronics Show (CES) in Las Vegas, Degenhart said company sales stood at €44 billion in 2017 with an adjusted EBIT margin of around 10.8%.

“Our innovative technologies in the areas of assisted and automated driving, connectivity and electrification again helped us achieve above-average growth,” said Degenhart.

This, according to the company official, was reflected most…

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