Member access

4-Traders Homepage  >  Shares  >  Xetra  >  Continental AG    CON   DE0005439004

CONTINENTAL AG (CON)

130
Real-time Quote. Real-time Tradegate - 03/06 07:33:42 am
214.95 EUR   +0.54%
04:03a CONTINENTAL : Shares Successful 2014 Fiscal Year with Employees Worl..
03:13a CONTINENTAL : Produces its Five-millionth DSM Control Unit for Autom..
03/05DJContinental Profit Climbs
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Continental AG : CFO Sees Weak First-Quarter Business in Europe

01/14/2013 | 08:32am US/Eastern

By Nico Schmidt

DETROIT--German car supplier Continental AG (CON.XE) expects the first quarter of 2013 to be difficult because of weak business in Europe, Chief Financial Officer Wolfgang Schaefer said Monday.

Mr. Schaefer predicts European car production will decline by 10% to 12% in the first quarter. Last year, significant growth in the U.S. compensated for weak development in Europe but it has become increasingly difficult to exceed prior-year figures in the U.S., he noted.

Over the course of the next year, however, the CFO expects demand in Europe to recover and he forecasts full-year production to be 2% below the 2012 level.

U.S. car production will slightly rise this year and production in China will increase by 8% to 10% so there will be a 2% to 3% increase globally, according to Mr. Schaefer's predictions.

Continental AG's business will see growth predominantly in the second half of 2013, he added.

Write to Nico Schmidt at nico.schmidt@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news on CONTINENTAL AG
04:03a CONTINENTAL : Shares Successful 2014 Fiscal Year with Employees Worldwide
03:13a CONTINENTAL : Produces its Five-millionth DSM Control Unit for Automatic Transmi..
03/05DJContinental Profit Climbs
03/05 CONTINENTAL : New low profile tire with high load capacity for volume transport
03/05DJGermany's Continental Says 2014 Net Profit Jumps Almost 24%
03/05 CONTINENTAL : Achieves Targets and Anticipates Sales of Around €37.5 Billion in ..
03/05 CONTINENTAL : erreicht Ziele und erwartet für 2015 einen Umsatz von rund 37,5 Mi..
03/05 CONTINENTAL : Achieves Targets and Anticipates Sales of Around EUR37.5 Billion i..
03/04DJToyota Taps First Foreign Vice President--Update
03/03 CONTINENTAL : Charles Seymour Newly Appointed As Head Of ContiTech NAFTA
Advertisement
Chart
Duration : Period :
Continental AG Technical Analysis Chart | CON | DE0005439004 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF