Key Developments: Continental AG (CONG.DE)

CONG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Continental raises FY 2015 sales guidance, gives FY 2020 outlook, proposes dividend
Thursday, 5 Mar 2015 02:30am EST 

Continental AG:Raises sales target for FY 2015.Targets FY 2015 sales growth of almost 9 pct to about 37.5 billion euros.EBIT margin is expected to exceed 10.5 percent in FY 2015.Targets for FY 2020: Sales of over 50 billion euros with double-digit EBIT margin.Proposes to raise dividend to 3.25 euros per share.FY 2015 sales estimate 37.7 billion euros - Thomson Reuters I/B/E/S.FY 2015 EBIT margin estimate 11.3 pct - Thomson Reuters I/B/E/S.  Full Article

Continental AG concludes Veyance acquisition
Friday, 30 Jan 2015 11:27am EST 

Continental AG:Has concluded its acquisition of U.S. rubber company Veyance Technologies Inc, of Fairlawn, Ohio, on Jan. 30.  Full Article

Continental AG reaffirms FY 2014 revenue outlook - Conference Call
Monday, 3 Nov 2014 03:15am EST 

Continental AG:Says FY 2014 outlook is unchanged to increase sales to 34.5 billion euros.  Full Article

Continental AG lowers FY 2014 revenue outlook
Thursday, 31 Jul 2014 02:30am EDT 

Continental AG:Says due to higher negative currency effect, now expects increase in consolidated sales in FY 2014 to be more limited, with sales rising to about 34.5 billion euros.Says now intends to achieve an FY 2014 adjusted EBIT margin of around 11% instead of minimum 10.5% previously forecast.FY 2014 sales of 35.2 billion euros - Thomson Reuters I/B/E/S.  Full Article

Continental AG completes 4.5 billion euro syndicated loan
Tuesday, 6 May 2014 06:31am EDT 

Continental AG:Announces the completion of a 4.5 billion euro syndicated loan to replace an existing 4.5 billion euro loan that was agreed in Jan. 2013.Says the facility comprises a 1.5 billion euro term loan maturing in April 2016 and a 3 billion euro revolving credit facility maturing in April 2019 paying initial margins of 45 bps and 70 bps over Euribor respectively, down from initial margins of 200 bps and 225 bps on the previous loan.Says a total of 31 banks committed to the new financing down from the 34 banks on the previous loan.Says lenders on the previous financing - Banco do Brasil, HSH Nordbank, Intesa SanPaolo, Raiffeisen Bank International and Scotiabank - did not participate in the new deal, while BayernLB and Standard Chartered joined as new lenders.  Full Article

Continental AG to buy remaining interest in Emitec, 50-50 joint venture co-owned by Continental and GKN plc
Tuesday, 29 Apr 2014 08:00pm EDT 

Continental AG:Intends to purchase outstanding shares in Emitec Gesellschaft fuer Emissionstechnologie mbH.Emitec, to date 50-50 joint venture co-owned by Continental and GKN plc – to be acquired by Continental and integrated into its Powertrain Division.Completion of the acquisition is subject to merger control clearance.Emitec is supplier of emissions technologies.Emitec product portfolio includes metal catalytic converters, particle filter components, and dosing modules for selective catalytic reduction (SCR).  Full Article

Continental AG issues outlook for Q1 and full FY 2014 in line with analysts' estimates and to pay out dividend
Thursday, 6 Mar 2014 02:47am EST 

Continental AG:Wants to pay out dividend of 2.50 euro per share.Sees company as getting off to solid start in Q1 2014.Reckons with a 3-to-4-pct rise in sales in Q1 2014.Says adjusted EBIT in Q1 2014 will be higher than comparable figure in previous year.Expects FY 2014 sales to grow 5 pct to around 35 billion euro.Q1 2014 revenue estimate 8.704 billion euro - Thomson Reuters I/B/E/S.Q4 2013 revenue of 8.407 billion euro.Q1 2014 EBIT estimate 983.00 million euro - Thomson Reuters I/B/E/S.Q1 2013 EBIT of 796.20 million euro.FY 2014 revenue estimate 35.624 billion euro - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Continental to localise safety tech production in India

* Says announces localisation of driving safety technologies ABS and ESC production in india

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