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

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Continental AG Still Expects to Meet 2012 Targets

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10/31/2012 | 08:25am CET

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
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Financials (€)
Sales 2016 40 497 M
EBIT 2016 4 202 M
Net income 2016 2 805 M
Debt 2016 3 398 M
Yield 2016 2,09%
P/E ratio 2016 13,69
P/E ratio 2017 12,05
EV / Sales 2016 1,03x
EV / Sales 2017 0,94x
Capitalization 38 221 M
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 201 €
Spread / Average Target 5,0%
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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
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