UPDATE 2-Continental eyes sales boost from rising car output and technology

jueves 5 de marzo de 2015 08:07 GYT

* Sees global car output rising to 100-105 mln by 2020

* Raises 2015 sales guidance to 37.5 bln euros on Veyance deal

* Says currency effects could add extra 1 bln euros to sales

* Remains on lookout for deals (Adds comments from CEO and analyst, acquisition plans, shares and peers)

By Andreas Cremer

BERLIN, March 5 (Reuters) - German automotive supplier Continental expects sales to jump by almost half by 2020 as car output rises and demand grows for electronic components and safety technology.

The greater use of electronics and software in vehicles, and the ability of cars to connect to smartphones and other devices, is providing automakers, suppliers and technology firms with new business opportunities.

Continental said on Thursday sales could rise to more than 50 billion euros ($55.24 billion) by 2020 from 34.5 billion in 2014, predicting a double-digit profit margin that was broadly unchanged at 11.3 percent last year.

"This is an ambitious goal as the environment is set to remain volatile for the foreseeable future," Chief Executive Elmar Degenhart said at a press conference.   Continuación...