Mainland expects sales growth to accelerate further in 2014

According to reports, the mainland group recently stated that if the economic situation does not deteriorate, the company's sales growth in 2014 is expected to further accelerate, reaching a higher single-digit growth.

Although the decline in the European auto market in the first quarter of 2013 exceeded the level predicted by industry experts, Continental Group has maintained its 2013 revenue forecast and expects cumulative sales in 2013 to increase by 5% compared to 2012. The former profit rate will also exceed 10%.

By imitating Volkswagen, BMW and Daimler, and other car companies to vigorously expand the Chinese and American markets, Continental successfully avoided the impact of the continued sluggish European auto market, while focusing on fuel injection technology, safety sensors and emergency braking systems. With high value-added parts and components, the company has successfully won more profits from high-end customers.

Continental Group's forecast for the next year is also based on the forecast report recently released by the International Monetary Fund (IMF), which predicts that the global economic growth rate in 2014 will reach 4%, and the economic activity in the euro zone will also see a big rebound.

Continental Group’s financial report recently revealed that its sales in 2012 reached 32.7 billion euros, an increase of 7.3% year-on-year. The EUR 3.1 billion EBIT growth rate reached 18.3%, and the EBIT margin rose to 9.4% after 8.5% in the 2011 financial year.