Continental Reports Strong First Quarter 2011

(PresseBox) ( Hannover, )
.
- Sales total more than €7.3 billion, representing a year-on-year increase of one fifth
- Automotive supplier generates EBIT of around €634 million

The Continental Corporation has reported a strong first quarter 2011, thus creating a solid foundation for the year as a whole. In the first three months, consolidated sales rose year-on-year by roughly one fifth to more than €7.3 billion. At nearly €634 million, the reported EBIT was some €140 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.

"2011 began as we expected - despite the natural disaster in Japan and its aftermath. In face of the ongoing challenges, especially those presented by high raw material prices, we anticipate at this point in time that we will comfortably achieve the targets we have set ourselves for this year. This is not, however, a surefire thing, but will require hard and dedicated work," said Continental Executive Board chairman Dr. Elmar Degenhart. Continental wants to increase its sales in 2011 by ten percent to more than €28.5 billion, once again achieving an adjusted EBIT margin of 9.7 percent that it attained in 2010.
The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material.
The use of information published here for personal information and editorial processing is generally free of charge. Please clarify any copyright issues with the stated publisher before further use. In the event of publication, please send a specimen copy to service@pressebox.de.