Continental expects further growth after record high sales

Continental AG targeted a sales increase of about 5% this year, slightly slower than the pace it recorded in 2012.

In 2012, Continental's sales rose 7% to approximately 32.7 billion euros ($43.74 billion). The adjusted earnings before interest and tax margin widened to around 10.7% from 10.1% in the previous year.

The company expected global production of passenger cars with a gross weight of up to six tons to increase to 82 million units from 80 million.

Continental is expected to release additional operating figures on March 7.