Continental expects to achieve higher sales target in 2017, sees new business from Opel-Peugeot deal

German supplier forecasts higher-than-market growth

Continental expects to achieve higher sales and profit in 2017, the Germany-based supplier said in Hanover, Germany, on 2 March, while providing details of its financial performance in 2016. The company forecasts full-year sales of EUR43 billion, up 6.1% y/y, and adjusted EBIT margin of more than 10.5%. “Continental has a sound financial basis and a strong technological position,” said Dr. Elmar Degenhart, chairman of Continental’s executive board. Degenhart said that although the environment was becoming more challenging in economic and political terms, the start to the new year had confirmed Continental’s expectations for 2017.