Continental AG

Continental is an automotive industry supplier. Co.'s automotive divisions comprised of: Chassis & Safety, which develops and produces systems that provide safety and enhanced vehicle dynamics; Powertrain, which develops solutions for gasoline and diesel engines, as well as hybrid and electrical drive systems; and Interior, which provides solutions for information management within vehicles and networking between vehicles. Co.'s rubber divisions comprised of: Tires, which provides tires for passenger cars through trucks, buses and construction site vehicles to special vehicles, motorcycles and bicycles; and ContiTech, which develops products made from rubber and plastic.
  • Ticker543900
  • ISINDE0005439004
  • SectorAutomobiles & Parts
  • CountryGermany

Analysts

François Maury ...
  • Georges Dieng
  • Jerôme Bodin
  • Michael Foundoukidis

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/28/2019

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Anis Zgaya ...
  • Hana Maalej
  • Jean-François Granjon
  • Khaled Ben Amor
  • Michael Foundoukidis
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/28/2019

...

François Maury ...
  • Georges Dieng
  • Jerôme Bodin
  • Michael Foundoukidis

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 28/05/2019

...

Anis Zgaya ...
  • Hana Maalej
  • Jean-François Granjon
  • Khaled Ben Amor
  • Michael Foundoukidis
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 28/05/2019

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Michael Foundoukidis

ODDO : Renault-FCA: what impact for suppliers?

>Winner and losers, as always - The announcement of discussions between Renault and FCA regarding the merger project may have not insignificant consequences for auto suppliers. The announcement by FCA of a six-year synergy target of € 5bn, of which 40% stemming from purchasing is, granted, ambitious but also reflects the importance of this domain to such a tie-up and may suggest the prospect of greater consolidation within the supplier’s space. Whilst some suppliers w...

Continental AG - December 2017 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Continental AG - September 2017 (LTM): Peer Snapshot

Peer Snapshot:  Continental AG - September 2017 (LTM) 20 December 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Sep-17

Continental AG: Key facts and statistics

CORPORATES ISSUER PROFILE 20 November 2017 TABLE OF CONTENTS Company overview 1 Business description 2 Company history 2 Acquisition by Schaeffler Group 3 Business divisions 3 Management strategy 5 Financial highlights 6 Capital structure and debt maturity 8 Company management 9 Ownership structure

Continental AG - June 2017 (LTM): Peer Snapshot

Peer Snapshot:  Continental AG - June 2017 (LTM) 11 September 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Jun-17

Continental AG - March 2017 (LTM): Peer Snapshot

Peer Snapshot:  Continental AG - March 2017 (LTM) 7 June 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Mar-17 FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM Dec-16

Michael Foundoukidis

ODDO : Renault-FCA: what impact for suppliers?

>Winner and losers, as always - The announcement of discussions between Renault and FCA regarding the merger project may have not insignificant consequences for auto suppliers. The announcement by FCA of a six-year synergy target of € 5bn, of which 40% stemming from purchasing is, granted, ambitious but also reflects the importance of this domain to such a tie-up and may suggest the prospect of greater consolidation within the supplier’s space. Whilst some suppliers w...

Michael Foundoukidis

ODDO : Renault-FCA : quelle lecture pour les équipementiers ?

>Des gagnants et des perdants, comme toujours - L’annonce de discussions entre Renault et FCA quant à un projet de fusion pourrait avoir des conséquences non négligeables pour les équipementiers. L’annonce par FCA d’un objectif de synergies de 5 Md€ à un horizon de 6 ans, dont 40% provenant des achats, est certes ambitieux mais témoigne du rôle clé de ce poste dans un tel rapprochement et plaide, sans doute, pour davantage de consolidation au sein du segment. Certains...

Jean-Louis Sempé

INVEST SECURITIES - CONTINENTAL : TRIMESTRE FAIBLE, GUIDANCES 2019 INCHANGÉES

Michael Foundoukidis

Continental : Auto segment still under pressure at the start of the year

>Q1 confirms difficulties for auto segment - Yesterday’s release of Continental’s detailed Q1 2019 results confirmed that the auto division had a tough start to the year and that the relative nice surprise from the preliminary figures (26 April) came mostly from the tyre business and exceptionals. Moreover, the negative FCF of € 579m, despite a positive impact of € 76m relating to IFRS16, also missed our expectations due to a very negative WCR impact (€ 1.2bn) in the...

Michael Foundoukidis

Continental : L’automobile toujours à la peine en ce début d’année

>Un T1 qui confirme les difficultés de l’automobile - La publication des résultats détaillés du T1 2019 de Continental a confirmé que la division Automobile avait connu un début d’année difficile et que la relative bonne surprise des préliminaires (26/04) venait pour l’essentiel de l’activité Pneus et d’exceptionnels. Au-delà, le FCF, négatif de 579 M€ malgré un impact positif de 76 M€ lié à IFRS16, est également ressorti inférieur à nos attentes en raison d’un impact...

François Maury ...
  • Georges Dieng
  • Jerôme Bodin
  • Michael Foundoukidis

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/28/2019

...

Anis Zgaya ...
  • Hana Maalej
  • Jean-François Granjon
  • Khaled Ben Amor
  • Michael Foundoukidis
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/28/2019

...

François Maury ...
  • Georges Dieng
  • Jerôme Bodin
  • Michael Foundoukidis

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 28/05/2019

...

Anis Zgaya ...
  • Hana Maalej
  • Jean-François Granjon
  • Khaled Ben Amor
  • Michael Foundoukidis
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 28/05/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/10/2019

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CONTINENTAL AG sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of CONTINENTAL AG (DE), active in the Tires industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date March 22, 2019, the closing price was EUR 137.55 and its target price was estimated at EUR 115.85.

Ng Adrian

Continental AG

Ng Adrian

Continental AG

Ng Adrian

Continental AG

Ng Adrian

Continental AG

Expert Corporate Governance Service (ECGS)

Continental - AGM 26 April 2019

Items 3.1-3.8: We recommend to oppose the discharge of the Management Board. The issuance of two profit warnings in financial year 2018 raises fundamental concerns over the reliability of the Management Board's forecasting ability and its communication to stakeholders. Item 4.4: We recommend to oppose the discharge of Supervisory Board member Francesco Grioli due to his insufficient attendance at Supervisory Board and committee meetings in financial year 2018. Item 5: KPMG, Hanover, is proposed as auditor for the current financial year. We have no concerns over the ratio of non-audit/audit f...

Continental – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Proxy Report - 27/04/2018

Items 4.13 and 4.20: We recommend opposing the discharge of Supervisory Board members Maria-Elisabeth Schaeffler-Thumann and Prof. KR Ing. Siegfried Wolf due to their insufficient attendance at Supervisory Board and committee meetings in financial year 2017. Item 5: KPMG, Hanover, is proposed as auditor for the current financial year. We have no concerns over the ratio of non-audit/audit fees. However, we note that KPMG or its predecessor have audited the Company since at least the financial year 1975 (no earlier data available) which significantly exceeds our maximum acceptable term of offic...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 28/04/2017

Items 4.4, 4.14, 4.18: We recommend opposing the discharge of Supervisory Board members Prof. Dr.-Ing. Peter Gutzmer, Maria-Elisabeth Schaeffler-Thumann and Elke Volkmann due to their insufficient attendance at Board meetings.Item 5: We recommend opposing the re-appointment of KPMG, Hanover, as auditor for the current financial year. KPMG has audited the Company since at least the financial year 1975 (no earlier data available) which exceeds our maximum acceptable term of office. We consider a longer term of office may impair the auditor's independence.Item 6: We recommend opposing the approva...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Add exposure to cyclicals Our positive outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains intact and we believe a “buy the dip” strategy is warranted. We recommend taking advantage of recent weakness -- where applicable -- by adding exposure to cyclical Sectors. • Actionable Sectors: Consumer Discretionary and Manufacturing. Today's recommendations focus on autos, auto parts, and machinery which span the Discretionary and Manufacturing Sectors. We initially recommended adding exposure to autos and auto parts in our 3/14/19 Int'l Compass, and we view the recent mild pullb...

Matthieu DRIOL

Analyse court terme - CONTINENTAL : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 145,15 € prochainement. Le prochain objectif est à 126,75 €, puis 117,81 €. Le franchissement de 162,45 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - CONTINENTAL : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €145.15. The next target is at €126.75, then €117.81. Passing €162.45 would question the continuation of the fall.

Matthieu DRIOL

Short term view - CONTINENTAL : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €145.15. The next target is at €126.75, then €117.81. Passing €162.45 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - CONTINENTAL : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 145,15 € prochainement. Le prochain objectif est à 126,75 €, puis 117,81 €. Le franchissement de 162,45 € remettrait en cause la suite de la baisse.

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