April 20, 2024

Continental's first-quarter sales increase by double digits

According to the quarterly financial report released by the Continental Continental Tire Company in the past few quarters, both operating income and sales have experienced double-digit growth in the first quarter of 2012. Adjusted operating income jumped 19% this quarter to 1.15 billion U.S. dollars and sales reached 10.9 billion U.S. dollars.

Continental plans to increase its 2012 sales by more than 5% year-on-year to more than US$42 billion, while maintaining an adjusted high pre-tax operating margin.

About Continental Group

With sales of 30.5 billion euros in 2011, Continental AG is one of the world's leading suppliers of automotive parts. The Group's business covers braking systems, powertrains and chassis systems and components, instrumentation, infotainment systems, automotive electronics, tires and industrial rubber products. It is committed to enhancing driving safety and global environmental protection. Continental AG is also an excellent partner in automotive network communications. The Continental Group employs approximately 164,000 people worldwide and operates in 46 countries.

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