GERMANY: Takeover target reiterates 2008 sales target
Continental AG, around which ball bearing specialist Schaeffler has painted a target for takeover, said on Thursday it has its own targets for the full year firmly in sight "despite [the] difficult market environment" after sales rose 65% to EUR13.25bn in the first half and earnings before interest and tax (EBIT) roses to EUR1.19bn or a 9.7% margin in the second quarter. Half year net profit fell 37.1%, however.
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