Conti's Q1 sales up

ERJ staff report (DS)

Hanover, Germany - Continental has reported first quarter sales of euro 8.3 billion up from euro 7.3 billion reported a year ago. At euro 766 million, reported EBIT substantially exceeded the previous year's figure of euro 634 million.

The international automotive supplier presented these key figures at its Annual Shareholders' Meeting in Hanover on today, Friday 27 April 2012. The complete report on the first quarter of 2012 will be published on May 3.

“The successful start to the new year makes us confident that we will comfortably achieve the goals we set ourselves for this year. We are assuming that global production of light vehicles with a total weight of up to six tons will be able to reach 79 million vehicles worldwide,” said Continental CEO Dr. Elmar Degenhart. In 2012, Continental intends to boost its sales by more than 5 percent to over euro 32 billion and maintain its high adjusted EBIT margin from 2011 in 2012 as well.

The company did not split out figures from the rubber group from other data.

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Press release from Conti