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

Jean-Louis Sempé

INVEST SECURITIES - Continental : Visibilité limitée et doutes persistants sur 2019 - NEUTRE, OC : 143€ vs 146€

L'avertissement du 22 août et la publication T3 18 nous avaient conduit à ajuster à la baisse nos BNA 2018/20e en deux étapes. Après contact avec le groupe, nous comprenons que T4 et surtout 2019 restent difficiles surtout dans les activités Powertrain et chez ContiTech. Ainsi, nous abaissons une troisième fois nos estimations de BNA2019/20e de respectivement -0,5%/-2,2%/-0,3%, cette révision pesant surtout sur 2019, dans l'attente de la publication T4 et des premières guidances sur cet exercice. Nos modèles DCF et comparables donnent un OC abaissé à 143€ vs 146€ préc. qui n'offrent toujours p...

Richard Hilgert

Morningstar | Continental Reports Soft 3Q Results, Slight Reduction in Revenue Guidance; EUR 153 FVE Unchanged

Narrow-moat-rated Continental announced third-quarter earnings per share before special items, or EPS, of EUR 2.82, EUR 0.07 better than the EUR 2.75 consensus EPS but representing a EUR 1.02 per share drop compared with the prior year’s EUR 3.84 EPS. Revenue increased 0.9% to EUR 10.8 billion but excluding negative currency translation, revenue would have increased 2.1%. At EUR 769 million, consolidated adjusted EBIT plummeted 30% from EUR 1.105 billion as margin contraction hit all segments. In addition to unfavorable operating leverage on lower volume, margin was also impacted by EUR 100 m...

Richard Hilgert

Continental Reports Soft 3Q Results, Slight Reduction in Revenue Guidance; EUR 153 FVE Unchanged

Narrow-moat-rated Continental announced third-quarter earnings per share before special items, or EPS, of EUR 2.82, EUR 0.07 better than the EUR 2.75 consensus EPS but representing a EUR 1.02 per share drop compared with the prior year’s EUR 3.84 EPS. Revenue increased 0.9% to EUR 10.8 billion but excluding negative currency translation, revenue would have increased 2.1%. At EUR 769 million, consolidated adjusted EBIT plummeted 30% from EUR 1.105 billion as margin contraction hit all segments. I...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/09/2018

...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/11/2018

...

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

Jean-Louis Sempé

INVEST SECURITIES - Continental : Visibilité limitée et doutes persistants sur 2019 - NEUTRE, OC : 143€ vs 146€

L'avertissement du 22 août et la publication T3 18 nous avaient conduit à ajuster à la baisse nos BNA 2018/20e en deux étapes. Après contact avec le groupe, nous comprenons que T4 et surtout 2019 restent difficiles surtout dans les activités Powertrain et chez ContiTech. Ainsi, nous abaissons une troisième fois nos estimations de BNA2019/20e de respectivement -0,5%/-2,2%/-0,3%, cette révision pesant surtout sur 2019, dans l'attente de la publication T4 et des premières guidances sur cet exercice. Nos modèles DCF et comparables donnent un OC abaissé à 143€ vs 146€ préc. qui n'offrent toujours p...

Richard Hilgert

Morningstar | Continental Reports Soft 3Q Results, Slight Reduction in Revenue Guidance; EUR 153 FVE Unchanged

Narrow-moat-rated Continental announced third-quarter earnings per share before special items, or EPS, of EUR 2.82, EUR 0.07 better than the EUR 2.75 consensus EPS but representing a EUR 1.02 per share drop compared with the prior year’s EUR 3.84 EPS. Revenue increased 0.9% to EUR 10.8 billion but excluding negative currency translation, revenue would have increased 2.1%. At EUR 769 million, consolidated adjusted EBIT plummeted 30% from EUR 1.105 billion as margin contraction hit all segments. In addition to unfavorable operating leverage on lower volume, margin was also impacted by EUR 100 m...

Richard Hilgert

Continental Reports Soft 3Q Results, Slight Reduction in Revenue Guidance; EUR 153 FVE Unchanged

Narrow-moat-rated Continental announced third-quarter earnings per share before special items, or EPS, of EUR 2.82, EUR 0.07 better than the EUR 2.75 consensus EPS but representing a EUR 1.02 per share drop compared with the prior year’s EUR 3.84 EPS. Revenue increased 0.9% to EUR 10.8 billion but excluding negative currency translation, revenue would have increased 2.1%. At EUR 769 million, consolidated adjusted EBIT plummeted 30% from EUR 1.105 billion as margin contraction hit all segments. I...

Michael Foundoukidis

Continental : A reassuring Q3 but visibility is (too) poor

>No surprises in Q3 and reassuring guidance (virtually) maintained - Continental’s Q3 earnings report did not bring any major surprises as it was in line with the recent comments from the CFO (albeit with a flattering shift of provisions from Q3 to Q4). The CFO had also suggested that the full-year guidance would be almost completely maintained, which was confirmed yesterday and should reassure investors (minor downward revisions to the consensus) while the outlook fo...

Michael Foundoukidis

Continental : Un T3 rassurant mais la visibilité reste (trop) faible

>Pas de surprise au T3 et un (quasi) maintien de la guidance rassurant - La publication T3 de Continental n’a pas révélé de grande surprise car en ligne avec les récents commentaires du CFO (avec toutefois un décalage de provisions flatteur entre le T3 et le T4). Ce dernier avait également suggéré un quasi maintien de la guidance annuelle qui s’est confirmé et devrait rassurer les investisseurs (révisions en baisse du consensus mineures) alors que les perspectives pou...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/09/2018

...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/11/2018

...

Ng Adrian

Continental AG

Ng Adrian

Continental AG

Ng Adrian

Continental AG

Increased risk weighs on CONTINENTAL AG, penalising its rating down to Slightly Negative

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 still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date September 14, 2018, the closing price was EUR 151.10 and its target price was estimated at EUR 143.54.

Ng Adrian

Continental AG

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MarketLine Department

Trelleborg AB - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Trelleborg AB - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Summary Marketline's Trelleborg AB Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Trelleborg AB since January2007. Synopsis Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorgan...

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...

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.

Matthieu DRIOL

Medium term view - CONTINENTAL : The trend is bearish.

The trend is bearish. The movement goes on. The next target is at €126.75, then €100.98. Passing €211.00 would question the continuation of the fall.

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