ERJ staff report (DS)
Hanover, Germany -- Continental Corp. has reported a strong first quarter 2011. In the first three months, consolidated sales rose year-on-year by roughly one fifth to more than euro7300 million. At nearly euro634 million, the reported EBIT was some euro140 million higher than the first quarter figure in 2010. .
The international automotive supplier presented these key figures on the occasion of its Annual Shareholders' Meeting in Hanover on Thursday. The complete report on the first quarter of 2011 will be published on May 5.
Continental wants to increase its sales in 2011 by ten percent to more than â‚¬28.5 billion, once again achieving an adjusted EBIT margin of 9.7 percent that it attained in 2010.
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Press release from Continental