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 newsTweets 

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
01/14 CONTINENTAL : teams up with Nexteer for motion control systems
01/12 CONTINENTAL : An Application for the Trademark "UNDERGROUNDMASTER" Has Been File..
01/12 CONTINENTAL : Trademark Application for "EM-MASTER" Filed
01/12 CONTINENTAL : Trademark Application for "SCOOPMASTER" Filed by Continental AG
01/11 NEXTEER AUTOMOTIVE : to form joint venture with Continental AG
01/10 SMART CITIES : Continental Invests in Urban Software Institute GmbH
01/09DJCONTINENTAL : Targets Higher Sales But Moderate Margin Growth in 2017
01/09 ANNUAL TARGETS COMFORTABLY ACHIEVED : Continental Continues Its Growth
01/09 DGAP-NEWS : Jahresziele sicher erreicht: Continental setzt Wachstumskurs fort
01/09 DGAP-NEWS : Annual Targets Comfortably Achieved: Continental Continues Its Growt..
More news
Sector news : Auto, Truck & Motorcycle Parts - NEC
01/13 Takata shares surge on news of settlement for U.S. govt air bag probe
01/12 MAGNA INTERNATIONAL : to build car paint shop in Slovenia, create 400 jobs
01/09DJDELPHI AUTOMOTIVE : Car Suppliers Vie for Major Role in Self-Driving Boom
01/08 Automakers, suppliers team up to share costs of self-driving cars
01/07DJSAMSUNG ELECTRONICS : Harman Lay Out Vision for Self-Driving Cars
More sector news : Auto, Truck & Motorcycle Parts - NEC
News from SeekingAlpha
2016 Mega Trends Driving Automotive OEM - Part 1
2016 GOODYEAR TIRE & RUBBER : Buyers Beware
2016 Continental AG ADR 2016 Q3 - Results - Earnings Call Slides
2016 Continental's (CTTAY) CEO Ralf Cramer on Q3 2016 Results - Earnings Call Tran..
2016 Continental reports Q3 results
Advertisement
Financials (€)
Sales 2016 40 493 M
EBIT 2016 4 206 M
Net income 2016 2 792 M
Debt 2016 3 445 M
Yield 2016 2,12%
P/E ratio 2016 13,58
P/E ratio 2017 11,85
EV / Sales 2016 1,02x
EV / Sales 2017 0,93x
Capitalization 37 771 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
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 200 €
Spread / Average Target 5,6%
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 AG2.89%40 240
JOHNSON CONTROLS INTER..6.00%40 984
DENSO CORP-2.78%35 048
HYUNDAI MOBIS CO., LTD..--.--%23 181
DELPHI AUTOMOTIVE PLC6.35%19 400
MAGNA INTERNATIONAL IN..-2.95%16 582
More Results