Market Overview

Continental 2014 Profit Surges

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Continental AG (OTC: CTTAY) reported a 24% surge in its net profit for 2014.

Continental's net profit for the year surged to 2.38 billion euros ($2.65 billion), versus a year-ago profit of EUR1.92 billion.

Its sales for the full year jumped to EUR34.5 billion.

Continental's board proposed a rise in 2014 dividend to EUR3.25 per share.

For 2015, Continental expects around 9% rise in sales to around EUR37.5 billion.

Continental shares fell 0.06% to close at $47.09 yesterday.

Posted-In: profitEarnings News Guidance

 

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