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Conti Earnings Jump 26%
Continental AG reports its sales in 2014 rose 4% to €34.5 billion, and net income advanced to €2.4 billion from €1.9 billion.
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Continental AG reports its sales in 2014 rose 4% to €34.5 billion, and net income advanced to €2.4 billion from €1.9 billion.
The company predicts its revenue will grow 9% to $37.5 billion this year and reach $50 billion in 2020, largely because of a sharp upswing in demand for its electronics and software. Conti expects its adjusted EBIT margin will rise to 10.5% this year from 9.7% in 2014.
Separately, CEO Elmar Degenhart tells analysts his company "would be interested" in being a partner with Apple Inc. if the American company decides to move forward with its secretive efforts to develop an electric car.
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