Automotive supplier Continental AG (CTTAY.PK) said it is targeting for sales growth of nearly 5% to more than 34 billion euros in 2013, with adjusted EBIT margin likely to exceed 10%.
Despite slumping auto markets in Europe, the corporation boosted 2012 sales by over 7% to nearly 32.7 billion euros. At about 10.7%, the adjusted EBIT margin topped last year's figure of 10.1%.
Elmar Degenhart, Chairman of the Executive Board of Continental noted, "In 2013, we expect global production of passenger cars with a gross weight of up to six tons to increase from around 80 million units in 2012 to a mere 82 million."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.