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Continental Q1 Preliminary Sales Rise - Quick Facts

Continental AG (CTTAY.PK) reported that its preliminary first-quarter consolidated sales rose to 10.259 billion euros, from 9.913 billion euros in the prior year. Adjusted EBIT margin was 8.1%.

Year-on-year sales growth before changes in the scope of consolidation and exchange-rate effects was 8.6%.

The company said the outlook for fiscal 2021 remains unchanged.

The company said in March that it expected global light vehicle production for fiscal 2021 would increase by 9% to 12% from fiscal 2020. Consolidated sales were expected to be approximately 40.5 billion to 42.5 billion euros and the adjusted EBIT margin was anticipated to be in the range of approximately 5% to 6%.

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