FRANKFURT Jan 9 German automotive supplier
Continental reported a 3 percent rise in 2016 reported
sales, helped by its automotive and tire business in the fourth
The company said it had achieved an operating margin of
around 10.7 percent in 2016 on sales of around 40.5 billion
euros ($42.7 billion).
"We continued our growth once again in 2016. In the Rubber
Group, we sold a record 150 million tires," Chief Executive
Elmar Degenhart said in a statement.
Continental said it expected sales to increase by more than
6 percent to more than 43 billion euros in 2017.
($1 = 0.9491 euros)
(Reporting by Harro ten Wolde; Editing by Christoph Steitz)