Arab Today, arab today car parts maker continental posts stable profits in 2013
Last Updated : GMT 18:42:37
Arab Today, arab today
Arab Today, arab today

Car parts maker Continental posts stable profits in 2013

Arab Today, arab today

Arab Today, arab today Car parts maker Continental posts stable profits in 2013

Frankfurt - AFP

Continental, the German maker of tyres and car parts, said Thursday it booked stable profits last year in the face of weak European demand and the strong euro. "Continental demonstrated strength ... despite weak European automotive markets and negative exchange rate effects of a considerable magnitude," the company said in a statement. Net profit reached 1.923 billion euros ($2.6 billion) in 2013, more or less steady from 1.905 billion euros a year earlier. Sales grew by 1.8 percent to 33.331 billion euros. "In 2013 we achieved very good results and continued to pursue our goals reliably, rigorously, and efficiently. Looking back, we achieved more than anticipated overall," said chief executive Elmar Degenhart. And the company has "got off to a solid start in the first quarter of 2014," Degenhart said. "We are reckoning here with a 3-to-4-percent rise in sales," he said. The continuously unfavourable development of exchange rates "is weighing on our performance. It is likely to have a negative impact of up to four percentage points on sales growth in the first quarter of 2014." Underlying profit in the first quarter "will be higher than the comparable figure in the previous year," Degenhart added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today car parts maker continental posts stable profits in 2013 Arab Today, arab today car parts maker continental posts stable profits in 2013

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today car parts maker continental posts stable profits in 2013 Arab Today, arab today car parts maker continental posts stable profits in 2013

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday