Continental sales fall more than forecast in Q1
Demand fall greater than the 1–3% initially anticipated.
Continental saw its sales in Europe fall further than an anticipated during the first quarter, reports Reuters. According to the news service, the tyre- and component maker's chief financial officer (CFO) Wolfgang Schaefer told financial news source Euro am Sonntag that demand had fallen by greater than the 1–3% anticipated initially due to a combination of the ongoing slump in the market, fewer working days, and poor weather conditions. However, Schaefer added that whilst profits have fallen in the region, they had stayed within expectations.
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