Hanover, Germany – Continental AG has increased its sales projections for the year 2017 following a strong performance in the first quarter, ended 31 March.
Organic sales over the three months grew 9.5% year-on-year to €11 billion, largely due to the contributions made by the company’s automotive divisions, the German group said in a 9 May release.
Operating earnings (EBIT) increased 9.1% percent year-on-year to over €1.1 billion. Adjusted operating result (adjusted EBIT) climbed 7.0% to just under €1.2 billion.
“We are raising our sales projection for the…