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

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

CONTINENTAL (CON)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

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 [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CONTINENTAL
04/25CONTINENTAL : Gov. Rauner Meets Executives of Continental Tire at World Headquar..
AQ
04/24CONTI-CONNECT : Digital tire monitoring for fleets along the industrial supply c..
AQ
04/24CONTINENTAL SUPPLIES SYSTEM SOLUTION : Continental products are an indispensable..
AQ
04/24CONTINENTAL : Cordula Ressing Takes Charge of Global Media and Public Relations ..
PU
04/23CONTINENTAL : Presents Full Tyre, Service and Solution Portfolio for the Constru..
PU
04/19CONTINENTAL : Study Results from Continental Corporation Provide New Insights in..
AQ
04/18CONTINENTAL : and VGF Implement Autonomous Test Operation with Shuttle on Frankf..
AQ
04/18CONTINENTAL : becomes official partner of the Giro D'Italia
AQ
04/18CONTINENTAL : Exchange rate and inventory valuation effects will impact earnings..
PU
04/18CONTINENTAL : Change Of Outlook For Fiscal Year 2018
DJ
More news
News from SeekingAlpha
03/08Maxwell Shareholders Could Finally See Some Rewards For Their Patience 
02/05Nvidia, Continental AG team up on self-driving vehicle project 
01/16Continental Aktiengesellschaft (CTTAY) Presents At Kepler Cheuvreux German Co.. 
01/05CONTINENTAL AG : The Future You Didn't Know About 
01/04Oppenheimer International Growth Fund Inst (OIGYX) December Summary 
Financials (€)
Sales 2018 46 296 M
EBIT 2018 5 007 M
Net income 2018 3 335 M
Debt 2018 3 033 M
Yield 2018 2,20%
P/E ratio 2018 13,59
P/E ratio 2019 12,28
EV / Sales 2018 1,03x
EV / Sales 2019 0,89x
Capitalization 44 601 M
Chart CONTINENTAL
Duration : Period :
Continental Technical Analysis Chart | CON | DE0005439004 | 4-Traders
Technical analysis trends CONTINENTAL
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 248 €
Spread / Average Target 9,6%
EPS Revisions
Managers
NameTitle
Elmar Degenhart Chairman-Executive Board
Wolfgang W. Reitzle Chairman-Supervisory Board
Wolfgang Schäfer Head-Finance, Controlling, Compliance, Law & IT
Michael Iglhaut Member-Supervisory Board
Dirk Nordmann Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
CONTINENTAL0.42%54 478
DENSO CORP-14.49%43 536
APTIV1.20%22 989
HYUNDAI MOBIS CO., LTD.--.--%22 084
MAGNA INTERNATIONAL INC.7.30%21 325
AISIN SEIKI CO LTD-7.33%16 137