Continental posts good H1 figures; raises sales forecast

Technology company Continental has raised its sales forecast for the current fiscal year again on the basis of good half-year figures. Sales increased by 10 per cent to €22 billion in first half of 2017.    Sales projection for year as a whole increased to more than €44 billion. Order intake for the Automotive Group increased to more than €19.5 billion after first six months. Operating result down slightly year-on-year at €2.3 billion as a result of sharp increase in raw material prices for the Rubber Group

“Our business with innovative technologies for assisted and automated as well as with connected and efficient driving once again grew faster than the global market for passenger cars and light commercial vehicles. Sales growth in this area came to 10 percent. For this reason, we are raising our forecast for the corporation’s sales by €500 million to more than €44 billion,” said Dr Elmar Degenhart, Continental’s chairman of the Executive Board.

Overall, the technology company anticipates a total negative impact of approximately €450 million as at the end of the year. This is €50 million less than the amount forecast at the beginning of the year.

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