Continental has recorded first-quarter consolidated sales down 11% to EUR9.8bn (US$10.7bn), a number it says is “above own expectations.”
The supplier is currently refraining from providing an outlook for the 2020 business year in the light of the coronavirus pandemic.
“Continental continues to experience material changes and disruptions in a significant portion of its business due to the ongoing coronavirus pandemic,” said a Continental statement.
“The economic environment continues to be characterised by substantial uncertainty regarding the duration and severity of the disruptions. It thus remains difficult to gauge possible further adverse consequences on production, the supply chain and demand.
“Continental is currently still refraining from providing an outlook for the 2020 business year. Continental will report its interim report for the first quarter of 2020 on 7 May.”