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

CONTINENTAL (CON)
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Continental AG : CFO Sees Weak First-Quarter Business in Europe

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01/14/2013 | 02:32pm CEST

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 [email protected]

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

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Financials (€)
Sales 2018 46 252 M
EBIT 2018 4 935 M
Net income 2018 3 261 M
Debt 2018 2 763 M
Yield 2018 2,24%
P/E ratio 2018 13,56
P/E ratio 2019 12,19
EV / Sales 2018 1,02x
EV / Sales 2019 0,88x
Capitalization 44 281 M
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Continental Technical Analysis Chart | CON | DE0005439004 | 4-Traders
Technical analysis trends CONTINENTAL
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 247 €
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Elmar Degenhart Chairman-Executive Board
Wolfgang W. Reitzle Chairman-Supervisory Board
Wolfgang Schäfer Head-Finance, Controlling, Compliance, Law & IT
Michael Iglhaut Member-Supervisory Board
Dirk Nordmann Member-Supervisory Board
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