Continental's revenues rise 14% y/y in Q1
Sales and earnings expected to continue to improve in the coming quarters
Continental has announced robust preliminary financial figures for the first quarter with an earnings before interest and taxes (EBIT) figure of in the region of EUR1 billion (USD1.11 billion), according to a company statement. This represented a 5% year-on-year (y/y) increase on the EUR953.1 million that the company posted in the first quarter of 2014. Revenue during the equivalent period rose b y 14% y/y to EUR9.6 billion. Continental also stated that integration costs and one-time expenses for Veyance of EUR37 million had a negative effect in the first quarter.
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