Continental 1Q Auto-Unit To Improve Momentum, Says CFO
Continental AG, Europe’s second-biggest car-parts maker, raised its 2016 cash-flow forecast 11 percent after earnings jumped faster than revenue in the first quarter. Free cash flow excluding acquisitions will amount to at least 2 billion euros ($2.3 billion), versus an earlier prediction of at least 1.8 billion euros, Hanover, Germany-based Continental said Wednesday in a statement. Chief Financial Officer Wolfgang Schaefer goes through the numbers with Bloomberg's Francine Lacqua on "The Pulse."
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