UPDATE 1-Continental AG says on track for 2011 sales target

Newswire

* Q1 sales up about a fifth, beating consensus * Q1 EBIT 634 million euros * Continental AG says expects to comfortably achieve targets * Shares down 1.8 percent (Recasts, adds background, analyst comment) FRANKFURT, April 28 (Reuters) - German tyre and brakes maker Continental AG sees itself on track to meet 2011 targets after emerging markets fuelled consensus-busting quarterly sales and offset the pinch of soaring rubber prices. Sales in the first three months of the year rose ...

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