FRANKFURT, Jan 9 (Reuters) - German auto supplier ZF Friedrichshafen has achieved its full-year sales and operating margin targets, Chief Executive Stefan Sommer said in Detroit on Monday.
“Sommer said that he assumed that ZF had achieved its sales and earnings targets,” a company spokesman told Reuters in an e-mail.
ZF had targeted sales of around 35 billion euros ($36.81 billion) in 2016 and was aiming for an adjusted earnings before interest and taxes (EBIT) margin of approximately 6 percent.
ZF is scheduled to present its 2016 business figures in detail in Friedrichshafen on March 30.
$1 = 0.9509 euros Reporting by Edward Taylor; editing by Jason Neely