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    CON   DE0005439004

CONTINENTAL (CON)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Continental AG : Continental Successfully Refinances

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/23/2013 | 10:28am CEST

01/23/2013

  • New agreement on €4.5 billion syndicated loan signed
  • Terms through 2016 and 2018 further improving Continental's debt maturity profile
  • Higher degree of security thanks to geographically broader consortium of banks

Hanover, January 23, 2013. The international automotive supplier Continental has signed a new syndicated loan agreement, thereby further improving its debt maturity profile. Committed to by approximately 30 domestic and international banks, the credit amount has been reduced slightly. It now totals €4.5 billion and is split up into two tranches of differing duration - a loan in the amount of €1.5 billion, with a term of three years, and a five-year revolving credit line in the amount of €3 billion. For the new syndicated loan, Continental has been able to obtain the release of the asset collateral previously put up for the financing and has also implemented further simplifications with regards to the documentation.

Here you can download the press release as a doc-file.

The new loan agreement not only improves our financing and debt maturity profile but also puts our financing on a geographically broader footing, reported Continental CFO Wolfgang Schäfer following the signing of the new agreement, adding: This will enable us to better absorb regional fluctuations in the global capital market environment in the future and generally respond more flexibly to volatile markets. The great trust that the banks have again demonstrated gives us renewed confidence that with our long-term strategy, we are pursuing the right path for Continental.

Mainly by launching five bonds and generating free cash flow (FCF), the DAX 30 company had, in the interim, been able to reduce almost €9 billion off the original €13.5 billion syndicated loan agreed in 2007. In the last three years, the company's net indebtedness has dropped by more than €2.5 billion. At the end of the 3rd quarter of 2012, it stood at €6.8 billion. The gearing ratio (net indebtedness divided by total equity) amounted to 78 percent at that point in time. Continental closed the third quarter of 2012 with unused credit line commitments in the amount of just under €2.6 billion. Up until then, the company had availed a mere €602 million of the €2.5 billion revolving credit line under the terms of the previous syndicated loan.

On March 7, 2013, Continental will present preliminary figures for fiscal year 2012 at its Annual Press Conference in Frankfurt/Main.



distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CONTINENTAL
06/18CONTINENTAL : Expands its Trutnov Powertrain Plant to Ramp up NOx Sensor Product..
AQ
06/14CES ASIA 2018 : Continental Pre-sents Ar-ti-fi-cial In-tel-li-gence, Net-work-in..
AQ
06/13INCREDIBLE POSSIBILITIES OF AUTONOMO : Key players profiled in this Report are: ..
AQ
06/13CONTINENTAL : Presents V.ply Portfolio with new Compound and Announces new Radia..
AQ
06/12CONTINENTAL : offers design and service competence for harmoniously designed veh..
AQ
06/12SUCCESSFUL ON EIGHT FRONTS : Continental Wins at the German Innovation Award 201..
AQ
06/12VIRTUAL DRIVING SCHOOL : Continental Uses AI to Give Vehicle Systems Human Stren..
AQ
06/10CONTINENTAL : WhatsApp, Snapchat banned on company devices at Continental
AQ
06/10CONTINENTAL : WhatsApp, Snapchat banned on company devices at Continental
AQ
06/08CONTINENTAL : Joint cooperation between Continental and Toyota Material Handling
AQ
More news
News from SeekingAlpha
06/07Continental Aktiengesellschaft (CTTAY) Presents At Deutsche Bank 9th Annual G.. 
06/07CONTINENTAL AG : More Than Just Tires, But I Still Prefer Michelin 
05/22Valeo In A Lull, But Bringing In The Orders 
05/15COBOTS : The PCs Of The Robot Era 
05/14TESLA : The Imperative For A China Plant 
Financials (€)
Sales 2018 46 210 M
EBIT 2018 4 908 M
Net income 2018 3 263 M
Debt 2018 2 774 M
Yield 2018 2,26%
P/E ratio 2018 13,55
P/E ratio 2019 12,15
EV / Sales 2018 1,03x
EV / Sales 2019 0,89x
Capitalization 44 861 M
Chart CONTINENTAL
Duration : Period :
Continental Technical Analysis Chart | CON | DE0005439004 | 4-Traders
Technical analysis trends CONTINENTAL
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 245 €
Spread / Average Target 11%
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
Sector and Competitors
1st jan.Capitalization (M$)
CONTINENTAL-2.16%51 928
DENSO CORP-19.94%39 204
APTIV18.54%27 253
MAGNA INTERNATIONAL INC.21.69%23 237
HYUNDAI MOBIS CO., LTD.--.--%19 404
VALEO-14.44%14 647