Member access

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

CONTINENTAL AG (CON)

85
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Continental AG Still Expects to Meet 2012 Targets

10/31/2012 | 02:25am US/Eastern
Recommend:
0

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 
 

Order free Annual Report for Continental AG

Visit http://djnweurope.ar.wilink.com/?ticker=DE0005439004 or call +44 (0)208 391 6028

Order free Annual Report for Continental AG

Visit http://djnweurope.ar.wilink.com/?ticker=US2107712000 or call +44 (0)208 391 6028

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

Stocks mentioned in the article : Continental AG, Bayerische Motoren Werke AG, Audi AG
Recommend :
0
React to this article
Latest news on CONTINENTAL AG
5d ago Auto airbag maker Continental named in GM recall suit
6d ago Auto airbag maker Continental named in GM recall suit
04/16 CONTINENTAL : Auto Zeitung Allrad rates Continental off-road tires best-in-test
04/16 CONTINENTAL : establishes Global Commercial Vehicle Tire Marketing
04/15 CONTINENTAL : Tires Have Received Approval for the Porsche Macan
04/11 CONTINENTAL : Germans buy up Zytek sister firm
04/09 CONTINENTAL : Receives 2014 Automotive News PACE Award
04/09 CONTINENTAL : Fiscal 2013: ContiTech Holds to Successful Course
04/08 CONTINENTAL : Fiscal 2013: ContiTech Holds to Successful Course
04/08 CONTINENTAL : and Tomas Bata University in Zlín, Czech Republic, further strengh..
Advertisement
Chart
Duration : Period :
Continental AG Technical Analysis Chart | CON | DE0005439004 | 4-Traders
Income Statement Evolution
Continental AG : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF