Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

News SummaryMost relevantAll newsSector news 

Continental AG Still Expects to Meet 2012 Targets

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

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.


-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
React to this article
Latest news on CONTINENTAL AG
11/26 CONTINENTAL : Develops Parking App for Singapore (Search is Over)
11/24 CONTINENTAL : Vehicle-to-X technology from Continental protects vulnerable road ..
11/23 CONTINENTAL : and Schmitz Cargobull strengthen their longstanding collaboration
11/19 CONTINENTAL : Intelligent Passenger Compartment Solutions for Lightweight Vehicl..
11/19 CONTINENTAL : and Fallbrook Technologies Inc. to Collaborate on New Transmission..
11/19 CONTINENTAL : Cooperation in Purchasing between Continental and Schaeffler: Nine..
11/18 CONTINENTAL : ContiTech Expands Air Spring Range for the Commercial Vehicle Repl..
11/18 CONTINENTAL : ContiTech Ensures Higher Productivity and Falling Operating Costs
11/17 CONTINENTAL : Greater Convenience Coupled with Maximum Security – Continen..
11/17 CONTINENTAL : EICMA 2015: New Human Machine Interface generation from Continenta..
News chart
Full-screen chart
Income Statement Evolution
More Financials