Log in
Login
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  - 07/22 05:35:27 pm
182.35 EUR   -0.65%
07/22 CONTINENTAL : ContiTech Promotes Implementation of German Beer Purit..
07/20 CONTINENTAL : Automechanika 2016
07/19 CONTINENTAL : ContiTech Signs Memorandum of Understanding for New Ho..
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
07/22 CONTINENTAL : ContiTech Promotes Implementation of German Beer Purity Law by Ens..
07/20 CONTINENTAL : Automechanika 2016
07/19 CONTINENTAL : ContiTech Signs Memorandum of Understanding for New Hose Plant in ..
07/18DJContinental Near Buying Rival Auto Supplier Hornschuch
07/18DJCONTINENTAL : Near Buying Rival Auto Supplier Hornschuch -- 2nd Update
07/18DJCONTINENTAL : Near Buying Rival Auto Supplier Hornschuch -- Update
07/18DJCONTINENTAL : Near Buying Rival Auto Supplier Hornschuch
07/18 CONTINENTAL : German Design Council Awards Continental Haptic Interaction Surfac..
07/14 CONTINENTAL : Puts Yancheng Test Center into Operation
07/12 CONTINENTAL : Tires PJ Malaysia and DSL host tech seminar for car tire dealers
More news
Sector news : Auto, Truck & Motorcycle Parts - NEC
07/21DJJohnson Controls Profit Jumps
07/21DJJOHNSON CONTROLS : Profit Jumps; Company Sees Faster Closing on Tyco Deal
07/19DJGENUINE PARTS : Cuts High End of 2016 Outlook Amid Profit Miss
06/29 SUZUKI MOTOR : appoints scion as CEO to rebuild after testing scandal
06/29 CUMMINS : Volkswagen diesel deal could be a win for many companies
More sector news : Auto, Truck & Motorcycle Parts - NEC
News from SeekingAlpha
05/08 Continental (CTTAY) on Q1 2016 Results - Earnings Call Transcript
04/22 Denso Needs To Diversify To Maximize Its Opportunities
04/21 Delphi Automotive Poised For Growth, And Wall Street Knows It
04/19 Continental AG Revving Up For The Next Wave In Autos
04/19 Even After A Strong Run, Valeo Not Getting Its Full Due
Advertisement
Financials (€)
Sales 2016 40 969 M
EBIT 2016 4 597 M
Net income 2016 2 995 M
Debt 2016 2 369 M
Yield 2016 2,32%
P/E ratio 2016 12,12
P/E ratio 2017 11,27
EV / Sales 2016 0,95x
EV / Sales 2017 0,87x
Capitalization 36 471 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 214 €
Spread / Average Target 17%
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 Deputy Chairman-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CONTINENTAL AG-18.79%40 027
DENSO CORP-30.56%33 166
JOHNSON CONTROLS INC16.84%29 916
HYUNDAI MOBIS CO., LTD..--.--%22 504
DELPHI AUTOMOTIVE PLC-20.26%18 661
MAGNA INTERNATIONAL IN..-7.34%15 368
More Results