German automotive supplier Continental is preparing for a difficult 2022 due to the economic upheavals caused by the war in Ukraine and the increased costs of raw materials. For the fiscal year, the Hanover-based multinational is targeting the adjusted earnings before interest and taxes (EBIT) margin to be between around 4.7% and 5.7%, revised from prior guidance range of around 5.5% to 6.5%. Consolidated sales for the year are to expected to remain similar to previous guidance – around €38 billion to €40 billion euros ($41.4 billion to $43 billion). The company reported headwinds including th…