BERLIN May 9 German auto parts and tyre maker
Continental has slightly raised its full-year sales
guidance and expects business to stay strong in the second
quarter thanks to a robust development of its automotive
Group sales may exceed 43.5 billion euros ($47.5 billion)
this year, an increase by 500 million euros from its March 2
guidance for over 43 billion euros, the company said on Tuesday.
Overall business will stay strong in the April-to-June
period despite further rising material costs, the impact of
which should lessen in the second half of the year, it said.
Continental already published faster-than-expected quarterly
earnings growth on April 28 and predicted it would safely meet
its financial targets for 2017.
($1 = 0.9163 euros)
(Reporting by Andreas Cremer; Editing by Maria Sheahan)