CON.DE - Continental Aktiengesellschaft

XETRA - XETRA Delayed Price. Currency in EUR
118.38
-3.96 (-3.24%)
At close: 5:35PM CEST
Stock chart is not supported by your current browser
Previous Close122.34
Open122.08
Bid119.28 x 18200
Ask119.32 x 4300
Day's Range118.38 - 122.38
52 Week Range103.62 - 158.90
Volume1,697,419
Avg. Volume718,153
Market Cap23.677B
Beta (3Y Monthly)1.38
PE Ratio (TTM)9.88
EPS (TTM)11.99
Earnings DateNov 12, 2019
Forward Dividend & Yield4.75 (3.88%)
Ex-Dividend Date2019-04-29
1y Target Est251.52
  • Bloomberg

    Germany is Having an Existential Crisis About Cars

    (Bloomberg Opinion) -- America’s automakers hit rock bottom in the eyes of the public when their executives went to Washington in 2008 to beg for a bailout — in corporate jets.Now it’s the German car industry’s turn to suffer an image crisis and, as with General Motors Co. and Chrysler a decade ago, it couldn’t be happening at a less auspicious moment. Amid trade wars and plunging China sales, the number of cars rolling off Germany’s production lines has dropped by 12% this year and exports by 14%. European auto sales fell 3% in the first eight months of 2019.(1) With demand expected to remain weak for a couple of years, the German parts supplier Continental AG isn’t ruling out cuts to working hours and jobs.It’s a bad time to be having a public relations nightmare too, but that is what’s happening in the country that invented the internal combustion engine. This month’s Frankfurt Motor Show was meant to give Germany’s mighty auto industry a platform to show off its expensive plans to build more electric vehicles.Instead, many international carmakers chose to stay away (some to save money) and Karl-Thomas Neumann, the ex-boss of Opel/Vauxhall, declared the event a “huge fail.” Compounding the misery, Daimler AG’s Mercedes, BMW AG and Volkswagen AG were upstaged by climate protesters who accused them of not doing enough to end their addiction to diesel and gasoline engines.Things had already got off to an ugly start. On the eve of the show four pedestrians were struck and killed by a sport utility vehicle in Berlin, prompting a fierce debate about the “social utility” of these gas-guzzling, tank-like cars. Featuring a picture of a Porsche SUV on its cover this week, Der Spiegel magazine declared a “new object of hate.” I’ve written before about the industry’s dependence on very profitable SUVs and the risk of a backlash.Meanwhile, the organization that one might usually expect to defend the German car giants — the VDA lobby group — was preoccupied with the abrupt resignation of its president, Bernhard Mattes. This fueled speculation that the industry was unhappy about its loss of political influence and increasing stigmatization.The German car industry provides more than 800,000 jobs in the country and it accounts for a big chunk of its manufacturing production and exports. Past governments fought hard to protect their industry crown jewel from troublesome regulations. That’s no longer always the case.First, the Volkswagen diesel emissions scandal made it unwise for politicians to go easy on companies that put profits above public health. And second, Germans have become alarmed by climate change and the industry’s role in that. The average emissions of new vehicles sold(3) climbed for the second year in a row last year, in part because of SUV sales. That’s one reason why Germany is set to miss its 2020 carbon pollution reduction targets. Passenger cars account for about 11% of its greenhouse gas emissions.(2)Stringent European Union emission targets, and massive fines for non-compliance, have been put in place already. A German federal government led by the Greens (not unimaginable given the party’s poll surge) would be tougher still. After the deadly accident in Berlin, there were calls to ban SUVs from cities.The average age of a new car buyer in Germany has climbed to 53, suggesting that the industry may be looking at a difficult future. Yet claims that Germans have fallen out of love with the automobile feel overblown. They still bought about 3.4 million new vehicles last year, pretty decent by historic standards. About 95% of them had a combustion engine. More than one-quarter were SUVs. Nor does the government have any desire to kill its golden goose. Earlier this year officials rejected attempts by campaigners to mandate a speed limit on the autobahn.With this contradiction between the public’s anxiety about climate change and its fondness for big vehicles, it’s not surprising that the government and carmakers are struggling to keep everyone happy. Riding a bike and car-sharing have become a genuine alternative in cities such as Berlin. But for those who still feel they need a car, electric vehicles tend to be more expensive and their driving range can be limited (for now, at least). The climate package the German government is due to announce on Friday will doubtless try to address this by including more incentives for electric vehicles and infrastructure.As the industry wrestles with such epochal challenges, it helps that Germany’s automakers have all recently appointed new bosses. They’re far from united, however, on how aggressively to abandon the combustion engine. Volkswagen is going “all-in” on battery cars (it’s targeting 40% of electric sales by 2030), while BMW is more cautious. The latter thinks hydrogen fuel-cells might have a future, though VW isn’t a fan.Yet even VW plans to use the profit from selling large SUVs such as its three-row “Atlas” to fund investments in green alternatives.At last week’s show in Frankfurt, electric vehicles like the Porsche Taycan and Volkswagen ID3 sat alongside gas-guzzling monsters like the BMW X6 and Mercedes AMG GLE Coupe. With the climate crisis intensifying, the industry’s split personality is getting more incongruous and indefensible by the day.(1) It's not all bad - the German market has actually expanded slightly so far this year.(2) In terms of grams of CO2 per km(3) See hereTo contact the senior editor responsible for Bloomberg Opinion’s editorials: David Shipley at davidshipley@bloomberg.net, .Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • How Do Continental Aktiengesellschaft’s (ETR:CON) Returns Compare To Its Industry?
    Simply Wall St.

    How Do Continental Aktiengesellschaft’s (ETR:CON) Returns Compare To Its Industry?

    Today we'll look at Continental Aktiengesellschaft (ETR:CON) and reflect on its potential as an investment...

  • BMW & Co Are Losing Their Allure, and That’s Got Germany Worried
    Bloomberg

    BMW & Co Are Losing Their Allure, and That’s Got Germany Worried

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Germany is at a crossroads, and nowhere will that be more evident than at the Frankfurt auto show this week.Despite sleek new electric models like the Porsche Taycan, the traditional showcase of German automotive excellence risks becoming a platform for protest rather than preening, drawing attention to a generation of young consumers more likely to demonstrate against the car’s role in global warming than shop for a new VW, BMW or Mercedes-Benz.Autos have made Germany into a global manufacturing powerhouse, but pollution concerns -- intensified by Volkswagen AG’s 2015 diesel-cheating scandal -- have sullied the reputation of a product that once embodied individual freedom. More recently, trade woes and slowing economies have hit demand. The consequence is Germany’s car production slumping to the lowest level since at least 2010.“Investors have been fearful about the industry’s prospects for a number of years, and the list of things to worry about doesn’t seem to be getting shorter,” said Max Warburton, a London-based analyst with Sanford C. Bernstein. “There is a general sense that things are about to get worse.”The end of the combustion-engine era and car buyers more interested in data connectivity than horsepower threaten Germany’s spot at the top of the automotive pecking order. Signs of trouble abound. In addition to numerous profit warnings this year, Mercedes maker Daimler AG delayed a plan to expand capacity at a Hungarian factory, parts giant Continental AG has started talks to cut jobs, and automotive supplier Eisenmann filed for insolvency.The car’s fragile standing was evident in the reaction to a deadly accident in Berlin on Friday evening when a Porsche SUV crashed into a group of pedestrians. Stephan von Dassel, the mayor of the district where the incident took place, said on Twitter that “such tank-like vehicles” should be banned in the city.Germany is teetering on the brink of recession, and the auto industry is pivotal to the economy’s health. Carmakers such as Volkswagen, Daimler and BMW AG as well as parts suppliers like Robert Bosch GmbH and Continental employ about 830,000 people in the country and support everything from machine makers to advertising agencies and cleaning services. With factories from Portugal to Poland, the importance of the sector radiates across Europe as well.With emissions regulations set to tighten starting next year, concerns are mounting that companies across the country’s industrial landscape are ill-equipped to deal with the technology transition resulting from climate change and increasing levels of digitalization. IG Metall organized a demonstration in June, with more than 50,000 people rallying in Berlin, to draw attention to the risk of widespread layoffs from what Germany’s biggest industrial union calls “the transformation.”“Far too many companies stick their heads in the sand and rest on their laurels,” IG Metall Chairman Joerg Hofmann said. “If companies continue to act so defensively, they’re playing roulette with the futures of their workers.”The concern is that the future of Germany’s car towns could look something like Ruesselsheim. The home of the Opel brand, which once rivaled VW as the German leader, has faded along with the carmaker’s performance. After years of losses, it was sold in 2017 by General Motors Co. to France’s PSA Group, which is slashing the Opel’s 20,000-strong German workforce by nearly a fifth.“Everybody in Ruesselsheim is worried,” said Servet Ibrahimoglu, owner of a kebab restaurant down the street from Opel’s factory, adding that his business has dropped by a third. “Before at lunchtime, this place was full. Now there’s no one.”The auto industry’s efforts to adapt to the risks will be on display in Frankfurt, and the stakes couldn’t be higher for models like the VW ID.3. The battery-powered hatchback is the auto giant’s first effort in an aggressive push into electric cars, which will make its debut at the Germany’s premier auto exhibition.Under bright lights and blaring music, the show is a throwback to the auto industry’s glory days, but it’s fading as public interest in old-school car show wanes. Toyota, Volvo and Ferrari are among the 30 brands skipping the show. For those still there, the displays will predominantly feature traditional gas guzzlers and other cash cows. Land Rover will unveil a resurrected version of the Defender, the British brand’s iconic offroader.“Instead of presenting new mobility concepts for the future, we’ll see lots of SUVs on stands that have become few and far between,” said Ferdinand Dudenhoeffer, director of the University of Duisburg-Essen’s Center for Automotive Research. “The recession in the global auto business is forcing savings cuts for car manufacturers and suppliers, along with a rapid loss of attractiveness of the classic ‘analog’ car shows.”Make or BreakWhere German brands once tried to outdo one another with outlandish displays like indoor tracks and multistory exhibition spaces, the main drama may take place outside Frankfurt’s sprawling fairgrounds. Greenpeace and Germany’s BUND have called for a mass march on the site on Saturday, joined by groups of cyclists setting off from around Frankfurt to underscore their call for the end of the combustion engine. Organizers are expecting at least 10,000 people. “We’re in the middle of a climate crisis,” said Marion Thiemann, transport-policy expert at Greenpeace. “The biggest problem is the automobile industry.”Despite doubts from environmentalists, automakers have gotten the message that they’re facing a make-or-break moment. The industry is spending billions of euros to develop cleaner vehicles and counter the emergence of ride-sharing services like Uber Technologies Inc., which has a market value equivalent to Daimler, the inventor of the automobile.“I’m absolutely convinced that carmakers will adapt to the situation,” BMW’s labor head Manfred Schoch said during a testy panel discussion with activists in Berlin last week. “Those that don’t will go out of business.”(Adds comment from activist in third-to-last paragraph)\--With assistance from Kristie Pladson, Andrew Blackman and William Wilkes.To contact the reporters on this story: Christoph Rauwald in Frankfurt at crauwald@bloomberg.net;Carolynn Look in Frankfurt at clook4@bloomberg.net;Elisabeth Behrmann in Munich at ebehrmann1@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Christoph Rauwald, Chris ReiterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Biggest Bond Rout in Years Whiplashes Bulls Who Were Right
    Bloomberg

    Biggest Bond Rout in Years Whiplashes Bulls Who Were Right

    (Bloomberg) -- After August’s historic drop, it was starting to seem like Treasury yields could only fall. And then came Thursday, when an enormous surge reminded even well-entrenched bulls that the world’s biggest bond market isn’t a one-way street.Yields on two-year notes jumped as much as 14 basis points, which would be the largest full-day increase in a decade, before pulling back to 11 points. A popular iShares ETF tracking long bonds sank as much as 2.4%, the biggest intraday rout since the day after the 2016 U.S. presidential election. The sell-off was global, with German 30-year rates briefly turning positive after a month under zero, and yields in Australia and New Zealand climbing early in Asia on Friday.Optimism about the U.S.-China trade war -- spurred by the two nations agreeing to hold face-to-face talks next month -- are what initially got markets moving. But other catalysts were at play, too.Treasury yields hit their highs of the day after growth at U.S. service businesses beat estimates. A deluge of investment-grade corporate bonds sold by the likes of Apple Inc. and Walt Disney Co. flooded the market with supply, which tends to drive up yields. And a trio of central banks just refrained from sounding dovish, putting some investors on alert for policy surprises.“Treasuries are not a one-way trade, even as the trend is for lower yields,” said Scott Buchta, head of fixed income strategy at Brean Capital. “It’s a risk-on related move today given trade-talks are back on. But the backdrop of the high level of corporate issuance is also adding some volatility and putting upside pressure on Treasury yields.”Thursday’s moves contrast sharply with recent trends. Treasuries enjoyed a huge, yield-suppressing rally in August. U.S. debt returned 3.4%, the biggest monthly return since the depths of the 2008 financial crisis, according to a Bloomberg Barclays index. The iShares long-bond ETF, often called TLT, surged 11% for the biggest monthly gain since September 2011. The rate on 30-year Treasuries sank to a record low of 1.90% on Aug. 28.With a rally in Treasuries pushing the average investment-grade bond yield below 3%, companies are getting in while the getting is good. U.S. investment-grade sales through Wednesday amounted to $54 billion. In Europe, BT Group Plc, Continental AG and Snam SpA joined the barrage of new offering on Thursday, fanning what may be the busiest week for corporate issuance since March 2018.While most expect the European Central Bank and Federal Reserve to add more accommodation this month, investors were disappointed by the less-than-dovish messages just sent by central banks in Sweden, Canada and Australia. And resistance is growing among European policy makers to ECB President Mario Draghi’s bid to reactivate bond purchases.German 30-year bund yields rose 14 basis points, ending the day at minus 0.08%. That rout “is a message to the ECB countries who do not want to do quantitative easing,” said Andrew Brenner, head of international fixed income at NatAlliance Securities in New York. If they don’t do QE, “it’s going to get ugly.”Australia’s 10-year yield jumped as much as 10 basis points to 1.071% on Friday, which would be the steepest intraday advance since July 12. Yield on similar-maturity New Zealand debt rose six basis points to 1.122%.Still, investors might want to be skeptical that yield increases will continue. There’s a double whammy of news Friday: the monthly U.S. jobs report comes out and Fed Chairman Jerome Powell speaks about monetary policy, his last comments before the quiet period leading up to policy makers’ Sept. 18 decision.Rates futures traders are pricing in another quarter-point reduction at that meeting, and a total of about 60 basis points of easing by year-end.“I don’t see much risk of Treasury yields rising substantially from here,” said Thomas Urano, portfolio manager at Sage Advisory Services. “The reality is the major central banks are making capital readily available around the globe. The trade war is also undeniably causing a significant global slowdown, so yields will remain biased downward.”(Adds mention of Australia, N.Z. bonds in the second and 10th paragraphs.)\--With assistance from Dan Wilchins, Brian Smith, James Crombie, Hannah Benjamin and Elizabeth Stanton.To contact the reporter on this story: Liz Capo McCormick in New York at emccormick7@bloomberg.netTo contact the editors responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net, Nick Baker, Mark TannenbaumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Continental Aktiengesellschaft (FRA:CON) Potentially Undervalued?
    Simply Wall St.

    Is Continental Aktiengesellschaft (FRA:CON) Potentially Undervalued?

    Today we're going to take a look at the well-established Continental Aktiengesellschaft (FRA:CON). The company's stock...

  • Moody's

    Continental Rubber of America, Corp. -- Moody's changes Continental's outlook to negative, affirms Baa1/P-2 ratings

    Moody's Investors Service ("Moody's") has today changed the outlook on the ratings of German automotive supplier Continental AG (Continental, or the group), to negative from stable. Concurrently, Moody's has affirmed Continental's Baa1 long term issuer and senior unsecured ratings, the (P)Baa1 debt issuance program ratings of Continental, Continental Rubber of America, Corp. and Conti-Gummi Finance BV and the Prime-2 (P-2) short-term ratings of Continental Rubber of America, Corp.

  • Why We’re Not Keen On Continental Aktiengesellschaft’s (FRA:CON) 6.6% Return On Capital
    Simply Wall St.

    Why We’re Not Keen On Continental Aktiengesellschaft’s (FRA:CON) 6.6% Return On Capital

    Today we are going to look at Continental Aktiengesellschaft (FRA:CON) to see whether it might be an attractive...

  • Thomson Reuters StreetEvents

    Edited Transcript of CON.DE earnings conference call or presentation 7-Aug-19 1:00pm GMT

    Q2 2019 Continental AG Earnings Call

  • What Should Investors Know About Continental Aktiengesellschaft's (FRA:CON) Future?
    Simply Wall St.

    What Should Investors Know About Continental Aktiengesellschaft's (FRA:CON) Future?

    Since Continental Aktiengesellschaft (FRA:CON) released its earnings in March 2019, analyst forecasts appear to be...

  • Here's How We Evaluate Continental Aktiengesellschaft's (FRA:CON) Dividend
    Simply Wall St.

    Here's How We Evaluate Continental Aktiengesellschaft's (FRA:CON) Dividend

    Today we'll take a closer look at Continental Aktiengesellschaft (FRA:CON) from a dividend investor's perspective...

  • How Should Investors React To Continental Aktiengesellschaft's (FRA:CON) CEO Pay?
    Simply Wall St.

    How Should Investors React To Continental Aktiengesellschaft's (FRA:CON) CEO Pay?

    Elmar Degenhart became the CEO of Continental Aktiengesellschaft (FRA:CON) in 2009. This analysis aims first to...

  • A Closer Look At Continental Aktiengesellschaft's (FRA:CON) Impressive ROE
    Simply Wall St.

    A Closer Look At Continental Aktiengesellschaft's (FRA:CON) Impressive ROE

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • How Continental Aktiengesellschaft (FRA:CON) Could Add Value To Your Portfolio
    Simply Wall St.

    How Continental Aktiengesellschaft (FRA:CON) Could Add Value To Your Portfolio

    Continental Aktiengesellschaft (FRA:CON) is a stock with outstanding fundamental characteristics. When we build an...

  • Thomson Reuters StreetEvents

    Edited Transcript of CON.DE earnings conference call or presentation 2-Mar-17 8:30am GMT

    Full Year 2016 Continental AG Earnings Press Conference

  • With A -8.0% Earnings Drop, Is Continental Aktiengesellschaft's (FRA:CON) A Concern?
    Simply Wall St.

    With A -8.0% Earnings Drop, Is Continental Aktiengesellschaft's (FRA:CON) A Concern?

    Measuring Continental Aktiengesellschaft's (FRA:CON) track record of past performance is a valuable exercise for...

  • Thomson Reuters StreetEvents

    Edited Transcript of CON.DE earnings conference call or presentation 9-May-19 1:00pm GMT

    Q1 2019 Continental AG Earnings Call

  • Moody's

    IHO Verwaltungs GmbH -- Moody's assigns Ba1 ratings to IHO's new senior secured notes

    Moody's Investors Service ("Moody's") has today assigned Ba1 ratings to the new senior secured notes issued by IHO Verwaltungs GmbH (IHO-V). With the proceeds from the new notes, which will consist of individual tranches with maturities in six, eight and ten years as well as currency denominations in EUR and USD, IHO-V will refinance existing senior secured notes due in 2021 and 2023, totaling 2.4 billion EUR-equivalent. Finally, Schaeffler also announced the increase and prolongation of its revolving credit facility (RCF) to EUR400 million, which will now mature in 2024.

  • Imagine Owning Continental (FRA:CON) And Wondering If The 34% Share Price Slide Is Justified
    Simply Wall St.

    Imagine Owning Continental (FRA:CON) And Wondering If The 34% Share Price Slide Is Justified

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Passive investing in an index fund is a good way to ensure your own returns roughly match the overal...

  • Reuters

    Continental delays powertrain IPO to 2020 as profits drop 17 percent

    Continental AG will push back the spin-off of its powertrain division until next year, the company said on Friday, when it reported a 17 percent drop in first-quarter operating profit, hit by a downturn in car demand and higher investments. The Hanover-based automotive supplier said it would update capital markets towards the end of this year about the partial float of the recently formed division, which it has named Vitesco Technologies. "Depending on market conditions, this can be expected from 2020," the company said.

  • Why Continental Aktiengesellschaft (FRA:CON) Is A Financially Healthy Company
    Simply Wall St.

    Why Continental Aktiengesellschaft (FRA:CON) Is A Financially Healthy Company

    Continental Aktiengesellschaft (FRA:CON), a large-cap worth €31b, comes to mind for investors seeking a strong and reliable stock investment. Most investors favour these big stocks due to their strong balance sheet and high market liq...

  • Reuters

    Continental, Valeo seek EU antitrust action against Nokia

    German car parts maker Continental and French rival Valeo have joined Daimler and Bury Techologies to seek an EU antitrust investigation into Nokia's patent licensing practices for cars, the Finnish tech company said on Wednesday. Last month, German carmaker Daimler and Bury complained to the European Commission about Nokia's patents essential to car communications.

  • Continental Aktiengesellschaft (FRA:CON): What Are The Future Prospects?
    Simply Wall St.

    Continental Aktiengesellschaft (FRA:CON): What Are The Future Prospects?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! The latest earnings update Continental Aktiengesellschaft (FRA:CON) released in December 2018 showed...

  • Thomson Reuters StreetEvents

    Edited Transcript of CON.DE earnings conference call or presentation 7-Mar-19 2:00pm GMT

    Full Year 2018 Continental AG Earnings Call