UDPATE 1-Continental raises sales forecast on price hikes

Newswire

LONDON, Jul 29 (Reuters) - * Now sees 29.5 bln euros FY sales, 10 pct adj EBIT margin * Sees 850 mln euros raw material costs in tyres ops * Q2 adj EBIT 749.8 mln euros, in line with estimates * Shares indicated 0.4 percent lower (Adds details, background) FRANKFURT, July 29 (Reuters) - German auto parts and tyre maker Continental AG raised its full-year sales forecast on Friday as price increases helped it offset a sharp rise in raw material costs. The Hanover-based group said ...

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