Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

Delayed Quote. Delayed  - 09/29 05:35:24 pm
185.95 EUR   -0.64%
09/27 CONTINENTAL : Foton Super Trucks Launched Globally during IAA 2016 -..
09/26 CONTINENTAL : Air Springs from ContiTech Deliver High Performance Ev..
09/26 CONTINENTAL : Transport Industry in the Digital Price Trap
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Continental AG : Two German Auto Suppliers Mainly Rely on Production Abroad to Hedge Forex Risk

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/01/2013 | 06:58pm CEST
  By Nico Schmidt 
 

Two German automobile industry suppliers said Friday they rely primarily on production in customers' markets to create a natural hedge against currency volatility.

As a supplier, production in customers' regions protects Continental AG (CON.XE) from currency fluctuations, "therefore the currency risks are relatively low," Continental spokeswoman Antje Lewe told Dow Jones Newswires.

German automotive technologies group Robert Bosch GmbH also says natural hedges play a key role.

"Our basic strategy for the hedging against currency risks is at first to reach a maximal natural hedge," Bosch spokesman Ingo Rapold told Dow Jones.

"We usually look at three-year periods and try to hedge up to 40% for the next 12 months--for the second and third year, the ratios are lower," Mr. Rapold said.

The euro's appreciation is primarily due to brighter economic prospects in the euro zone, and it is at about the middle of the range it has traded in since the financial crisis started, Mr. Rapold said.

"The current appreciation of the euro isn't unexpected, but the speed and magnitude of it are," Mr. Rapold said.

Mr. Rapold added the company expects the euro's recent strength to abate since the debt crisis hasn't been wholly resolved. At 1713 GMT, the euro was trading at $1.368 in Frankfurt.

Write to Nico Schmidt at nico.schmidt@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CONTINENTAL AG
09/29 CONTINENTAL : An Application for the Trademark "ALLSEASONCONTACT" Has Been Filed..
09/28 CONTINENTAL : MILITARY $84,905 Federal Contract Awarded to Veyance Technologies
09/27 CONTINENTAL : Foton Super Trucks Launched Globally during IAA 2016 - Press Relea..
09/26 CONTINENTAL : Air Springs from ContiTech Deliver High Performance Even at Extrem..
09/26 CONTINENTAL : Transport Industry in the Digital Price Trap
09/26 CONTINENTAL : iTires, intelligent tires shipped from the factory
09/26 CONTINENTAL : Announces Commercial Tire Information and Management System 'Conti..
09/26 CONTINENTAL : Reaffirms its Commitment to the Mining Industry with Broad Portfol..
09/26 CONTINENTAL : Launches New Earthmoving Tires as ContiEarth™ range at MINEx..
09/26 CONTINENTAL : Launches New Underground Mining Tires as ContiMine™ range at..
More news
Sector news : Auto, Truck & Motorcycle Parts - NEC
09/10DJDenso to Buy Stake In Car-Tech Supplier -- WSJ
09/09DJGENERAL MOTORS : GM Recalls Over Four Million Autos for Air-Bag, Seat-Belt Issue..
09/09DJToyota's Biggest Supplier to Take Majority Stake in Self-Driving Tech Firm
09/06DJVolvo Cars and Autoliv Form Autonomous Driving Software JV
08/23 Mobileye, Delphi aim to release self-driving system in 2019
More sector news : Auto, Truck & Motorcycle Parts - NEC
News from SeekingAlpha
09/22 Ongoing Outperformance At Valeo Continues To Build Value
09/21 Wall Street's Skepticism About BorgWarner's Future May Still Mean Opportunity
08/07 Continental (CTTAY) on Q2 2016 Results - Earnings Call Transcript
08/03 Continental Aktiengesellschaft reports Q2 results
05/08 Continental (CTTAY) on Q1 2016 Results - Earnings Call Transcript
Advertisement
Financials (€)
Sales 2016 40 767 M
EBIT 2016 4 644 M
Net income 2016 3 081 M
Debt 2016 2 635 M
Yield 2016 2,29%
P/E ratio 2016 12,22
P/E ratio 2017 11,44
EV / Sales 2016 0,98x
EV / Sales 2017 0,91x
Capitalization 37 431 M
More Financials
Chart CONTINENTAL AG
Duration : Period :
Continental AG Technical Analysis Chart | CON | DE0005439004 | 4-Traders
Full-screen chart
Technical analysis trends CONTINENTAL AG
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 213 €
Spread / Average Target 14%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Elmar Degenhart Chairman-Executive Board
Wolfgang W. Reitzle Chairman-Supervisory Board
Wolfgang Schäfer Head-Finance & Controlling
Michael Iglhaut Member-Supervisory Board
Hartmut Meine Vice Chairman-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CONTINENTAL AG-16.66%42 024
DENSO CORP-30.04%31 358
HYUNDAI MOBIS CO., LTD..--.--%25 158
DELPHI AUTOMOTIVE PLC-17.61%19 265
MAGNA INTERNATIONAL IN..-0.82%16 232
VALÉO5.82%13 457
More Results