Continental 2014 sales could take 1 bln-euro currency hit -CFO

BERLIN Tue May 6, 2014 10:05am EDT

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BERLIN May 6 (Reuters) - Germany's Continental AG could see sales shrink by as much as 1 billion euros ($1.39 billion) this year because of adverse currency effects, finance chief Wolfgang Schaefer said.

"I couldn't exclude that it moves up to 1 billion," Schaefer said on Tuesday during a conference call outlining quarterly earnings.

Currency headwinds burdened first-quarter sales by 300 million euros, the CFO told Reuters in an interview earlier on Tuesday. ($1 = 0.7205 Euros) (Reporting by Andreas Cremer; Editing by Marilyn Gerlach)


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