ERJ staff report (LMH)
Hanover, Germany - Sales at automotive supplier Continental have risen by 7 percent in 2012 to â‚¬32.7 billion, the company said as it disclosed its initial preliminary figures 14 Jan.
The adjusted earnings (EBIT) margin was 10.7 percent compared to 10.1 percent in 2011.
â€œAlthough indicators on the auto markets and more guarded at present than they were a year ago, we are aiming for sales growth of around 5 percent to more than â‚¬34 billion in 2013,â€ commented Dr Elmar Degenhart, chairman of the executive board of Continental.
Degenhart added that Continental expect global production of passenger cars with a gross weight of up to 6 tonnes to increase from around 80 million units in 2012 to a â€œmereâ€ 82 million in 2013. â€œWe shall very likely not quite be able to hold to our tempo in the successful year 2012,â€ he noted.
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Press release from Continental