Continental AG has reported its sales for the first quarter of 2013 fell slightly more than its projected drop between 1% and 3%. Q1 operating profit declined below very strong year-ago levels, but stayed within expectations, reported Reuters.
Despite the decline in European car markets, Continental said group business will steadily improve following a first quarter low to help achieve a targeted 5% increase in 2013 sales to over 34 billion euros ($44.53 billion).