Continental AG’s adjusted earnings before interest and taxes in the first quarter climbed 8% to €1.1 billion ($1.26 billion). Revenue advanced 3% to €9.9 billion ($11.3 billion), but exchange rates cut the adjusted growth to 0.9%. The company has raised its adjusted EBIT margin to 11% from its previous estimate of at least 10.5%. Conti CEO Elmar Degenhart says its automotive operations, which generate 60% of consolidated sales, gained only slightly compared with the first quarter last year.
About 19 in 20 business leaders agree the auto industry needs the diversity of thought and experience gained by increasing its proportion of women executives.