German automotive parts maker Continental’s preliminary results for the first quarter of 2024 have fallen short of market expectations. Quarterly consolidated sales amounted to around €9.8 billion ($10.4 billion), compared to a projected €10 billion. Quarterly adjusted EBIT margin is expected to be around 2% rather than an expected 3.7%. Despite the results of the first quarter, the company expects sufficient improvement potential in all group sectors and thus for the group as a whole. The company confirmed its guidance for fiscal 2024. Looking ahead for fiscal 2024, Continental still anticipa…