Sales up 7% in 2012 as Continental announces preliminary figures

ERJ staff report (LMH)

Hanover, Germany - Sales at automotive supplier Continental have risen by 7 percent in 2012 to €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.

“Although 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 €34 billion in 2013,” 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 “mere” 82 million in 2013. “We shall very likely not quite be able to hold to our tempo in the successful year 2012,” he noted.

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Press release from Continental