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

CONTINENTAL (CON)
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Continental AG Still Expects to Meet 2012 Targets

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10/31/2012 | 08:25am CEST

German auto parts supplier Continental AG (>> Continental AG) said Wednesday that despite increasing uncertainties, the company is confident about achieving 2012 targets, given positive developments in the first nine months of the year.

MAIN FACTS:

-Continental AG still sees a rise in sales of more than 7% to over 32.5 billion euro ($42 billion) for the full year.

-Despite a weak start to the season, Continental is aiming for sales of around 20 million winter tires, boosted by tire sales for premium cars such as BMW AG (>> Bayerische Motoren Werke AG) and Audi AG (>> Audi AG) models.

-Fourth quarter sales are expected to be around the level of third-quarter sales, which amounted to EUR8.13 billion.

-Third quarter net profit was EUR449.2 million, above analysts' expectations of EUR410 million.

-"We are currently benefiting considerably from our international positioning and compensating for the declines in southern Europe in particular with growth in North America and Asia," Chief Executive Officer Elmar Degenhart said.

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 
 

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Stocks mentioned in the article : Continental AG, Bayerische Motoren Werke AG, Audi AG
Stocks mentioned in the article
ChangeLast1st jan.
AUDI AG -0.24% 818 Delayed Quote.11.60%
BAYERISCHE MOTOREN WERKE -0.06% 87.45 Delayed Quote.0.71%
CONTINENTAL 1.17% 224 Delayed Quote.-0.47%
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Financials (€)
Sales 2018 46 259 M
EBIT 2018 4 926 M
Net income 2018 3 261 M
Debt 2018 2 763 M
Yield 2018 2,21%
P/E ratio 2018 13,72
P/E ratio 2019 12,33
EV / Sales 2018 1,03x
EV / Sales 2019 0,89x
Capitalization 44 801 M
Chart CONTINENTAL
Duration : Period :
Continental Technical Analysis Chart | CON | DE0005439004 | 4-Traders
Technical analysis trends CONTINENTAL
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 247 €
Spread / Average Target 10%
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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