German automotive supplier Continental AG (CON.XE) said on Tuesday that its 2017 revenue grew, with the fourth quarter showing strong sales and earnings.
Revenue in 2017 rose more than 8% to around 44 billion euros ($52.8 billion), the company said, based on preliminary data. Continental, best known as a tire maker, said the adjusted margin on earnings before interest and taxes in 2017 was about 10.8%.
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For 2018, Continental expects revenue to grow to around EUR47 billion, and said it is certain of reaching an adjusted Ebit margin of around 10.5%.
A full report on the year is due March 8.
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(END) Dow Jones Newswires
January 09, 2018 12:28 ET (17:28 GMT)