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

Richard Hilgert

Morningstar | Continental Is One of the Largest Auto-Parts Suppliers in the World

Considering industry trends in electronics, emissions, and safety, we think Continental's revenue will grow at a faster rate than our estimated 1%-3% long-term average annual growth in global vehicle production. Above-industry-average research and development spending enables consistent product and process innovation, supporting Continental's revenue growth and healthy profitability.Continental will benefit from automotive industry trends, including advanced driver-assist systems, autonomous driving features, and increased vehicular electronics as well as high demand for components and systems...

Richard Hilgert

Continental Is One of the Largest Auto-Parts Suppliers in the World

Narrow-moat-rated Continental announced full-year diluted earnings per share before special items, or EPS, of EUR 15.11, EUR 0.43 better than the EUR 14.68 consensus EPS but representing a EUR 0.42 per share drop compared with the prior year’s reported EUR 15.53 EPS. Full-year 2018 revenue increased 0.9% to EUR 44.4 billion but excluding negative currency translation, revenue would have increased nicely by 3.1%. At EUR 4.118 billion, consolidated adjusted EBIT plummeted 13% from EUR 4.749 billio...

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...

Fatma Agnès Hamdani ...
  • Florent Laroche-Joubert
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/09/2019

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Emmanuel Matot ...
  • Florent Laroche-Joubert
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 04/09/2019

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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

Richard Hilgert

Morningstar | Continental Is One of the Largest Auto-Parts Suppliers in the World

Considering industry trends in electronics, emissions, and safety, we think Continental's revenue will grow at a faster rate than our estimated 1%-3% long-term average annual growth in global vehicle production. Above-industry-average research and development spending enables consistent product and process innovation, supporting Continental's revenue growth and healthy profitability.Continental will benefit from automotive industry trends, including advanced driver-assist systems, autonomous driving features, and increased vehicular electronics as well as high demand for components and systems...

Richard Hilgert

Continental Is One of the Largest Auto-Parts Suppliers in the World

Narrow-moat-rated Continental announced full-year diluted earnings per share before special items, or EPS, of EUR 15.11, EUR 0.43 better than the EUR 14.68 consensus EPS but representing a EUR 0.42 per share drop compared with the prior year’s reported EUR 15.53 EPS. Full-year 2018 revenue increased 0.9% to EUR 44.4 billion but excluding negative currency translation, revenue would have increased nicely by 3.1%. At EUR 4.118 billion, consolidated adjusted EBIT plummeted 13% from EUR 4.749 billio...

Michael Foundoukidis

ODDO : Recent Auto Parts rebound looks premature, downgrades not over yet

>The environment is still tough and does not give cause for optimism - The upcoming Q1 2019 earnings reports from auto suppliers are unlikely to provide grounds for optimism and should confirm our cautious stance on the segment in the short term. Indeed, the low level of activity in Q1 is likely to result in a strong fall in profitability at certain players in Q1/H1, notably so-called technology players (Continental, Valeo), which in our view are in the front line and...

Michael Foundoukidis

ODDO : Un rebond boursier prématuré, les révisions en baisse vont se poursuivre

>Un environnement toujours difficile qui n’incite pas à l’optimisme - Les publications T1 19 à venir des équipementiers ne devraient pas inciter à l’optimisme et nous conforter dans notre prudence à court terme sur le segment. Le faible niveau d’activité du T1 devrait, en effet, se traduire par de fortes baisses de la rentabilité chez certains acteurs au T1/S1, notamment ceux dits technologiques (Continental, Valeo) qui restent, selon nous, en première ligne et sur le...

Jean-Louis Sempé

INVEST SECURITIES - CONTIENTALE AG : Le plus difficile est-il passé ou à venir ? - NEUTRE, OC 134€ (vs 120€)

Fatma Agnès Hamdani ...
  • Florent Laroche-Joubert
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/09/2019

...

Emmanuel Matot ...
  • Florent Laroche-Joubert
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 04/09/2019

...

Fatma Agnès Hamdani ...
  • Florent Laroche-Joubert
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/04/2019

...

Emmanuel Matot ...
  • Florent Laroche-Joubert
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 09/04/2019

...

Alfred Glaser ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Manuel Martin
  • Michael Foundoukidis
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/08/2019

An objective examination of the growth drivers of indices (macroeconomic growth expectations, EPS momentum, monetary conditions and the cost of capital) leads us to believe that the momentum observed since the start of the year cannot be maintained in the short term. In short, the market (Stoxx 600) is ahead of its transition times and should enter a fluctuation band that we estimate at between 355 and 384 points. Consequently, the most rational attitude consists in a total or partial...

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...

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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