Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/14/2013 | 02:32pm CET

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CONTINENTAL AG
12/02 SWARM INTELLIGENCE FOR MOTORCYCLES : Continental Brings eHorizon to Two-Wheelers
12/01 CONTINENTAL AG WEBCAST PRESENTATION : dbVIC - Deutsche Bank ADR Virtual Investo..
11/30 CONTINENTAL : Assisted and Automated Driving are paving the way to put road acci..
11/28 CONTINENTAL : Infotainment Platform Available in Peugeot, Citroën and DS Models ..
11/25 WORKING AS A TRUCKER : Day-to-Day Mixture of Dream Job and Self-Exploitation
11/22 CONTINENTAL : operating earnings drop in third quarter
11/22 CONTINENTAL : Wireless Connectivity for E-Class Drivers
11/21 COMPETITION, COST PRESSURE, SCARCE F : Challenging Conditions for the Logistics ..
11/17 CONTINENTAL : Federal Contracts Awarded by Federal Agencies in Michigan (Nov. 17..
11/17 CONTINENTAL : MILITARY $2.07 Million Federal Contract Awarded to Veyance Technol..
More news
Sector news : Auto, Truck & Motorcycle Parts - NEC
12/01 As Trump touts Indiana jobs deal, U.S. factory work seeps overseas
11/29DJIntel Recruits ARM Executive Thomas Lantzsch to Head Connected Device Effort
11/29DJSamsung Tries to Appease Investors But Delays Big Changes
11/29DJSamsung Electronics Says It Will Consider Restructuring
11/15DJSAMSUNG ELECTRONICS : to Buy Auto-Parts Supplier Harman for $8 Billion -- 2nd Up..
More sector news : Auto, Truck & Motorcycle Parts - NEC
News from SeekingAlpha
11/11 Continental AG ADR 2016 Q3 - Results - Earnings Call Slides
11/11 Continental's (CTTAY) CEO Ralf Cramer on Q3 2016 Results - Earnings Call Tran..
11/10 Continental reports Q3 results
10/31 ORION ENGINEERED CARBONS : Solid Play On A Niche Market
09/22 Ongoing Outperformance At Valeo Continues To Build Value
Advertisement
Financials (€)
Sales 2016 40 545 M
EBIT 2016 4 260 M
Net income 2016 2 841 M
Debt 2016 3 067 M
Yield 2016 2,44%
P/E ratio 2016 11,66
P/E ratio 2017 10,34
EV / Sales 2016 0,89x
EV / Sales 2017 0,82x
Capitalization 33 141 M
More Financials
Chart CONTINENTAL AG
Duration : Period :
Continental AG Technical Analysis Chart | CON | DE0005439004 | 4-Traders
Full-screen chart
Technical analysis trends CONTINENTAL AG
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 200 €
Spread / Average Target 21%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Elmar Degenhart Chairman-Executive Board
Wolfgang W. Reitzle Chairman-Supervisory Board
Wolfgang Schäfer Head-Finance & Controlling
Karsten Michels Head-Systems & Technology
Michael Iglhaut Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CONTINENTAL AG-26.21%35 331
DENSO CORP-16.00%34 358
HYUNDAI MOBIS CO., LTD..--.--%20 939
DELPHI AUTOMOTIVE PLC-25.67%17 258
MAGNA INTERNATIONAL IN..1.25%16 166
VALÉO9.86%13 308
More Results