Continental 2014 sales could take 1 bln-euro currency hit -CFO
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)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.