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Continental AG

CONG.DE

Latest Trade

86.49EUR

Change

1.11(+1.30%)

Volume

655,332

Today's Range

85.61

 - 

87.94

52 Week Range

84.11

 - 

132.68

As of on the XETRA ∙ Minimum 15 minute delay

Latest Developments

Vitesco Technologies Will Recognize Provision In Connection With Possible Compensation Obligations From Group Separation Agreement With Continental

Dec 20 (Reuters) - VITESCO TECHNOLOGIES GROUP AG <VTSCn.DE>::RECOGNITION OF PROVISIONS IN CONTEXT OF POSSIBLE COMPENSATION OBLIGATIONS TOWARDS CONTINENTAL AG IN CONNECTION WITH DIESEL INVESTIGATIONS.WILL RECOGNIZE A PROVISION IN Q4 IN AMOUNT OF 80 MILLION EUROS IN CONNECTION WITH POSSIBLE COMPENSATION OBLIGATIONS FROM GROUP SEPARATION AGREEMENT WITH CONTINENTAL AG.THIS WILL HAVE A CORRESPONDING NEGATIVE IMPACT ON CONSOLIDATED RESULTS OF VITESCO TECHNOLOGIES.IN COURSE OF SPIN-OFF, VITESCO TECHNOLOGIES IS OBLIGED TO INDEMNIFY COMPANIES OF CONTINENTAL GROUP AGAINST EXPENSES AND LIABILITIES ATTRIBUTABLE TO BUSINESSES TRANSFERRED TO VITESCO TECHNOLOGIES.THIS MAY INCLUDE, AMONG OTHER THINGS, POTENTIAL FINES AND OTHER COSTS, IN PARTICULAR LEGAL FEES.SO FAR, NO CLAIMS HAVE BEEN ASSERTED BY CONTINENTAL AG IN THIS REGARD.TIMING AND ACTUAL AMOUNT OF ANY REQUIRED COMPENSATION PAYMENTS THEREFORE REMAIN UNDETERMINED.EXECUTIVE BOARD OF VITESCO TECHNOLOGIES GROUP AG EXPECTS IT TO BE INCREASINGLY PROBABLE THAT CONTINENTAL AG WILL ASSERT CLAIMS AGAINST COMPANY UNDER EXISTING INDEMNIFICATION AGREEMENT.

Continental - Katja Duerrfeld Becomes New CFO

Dec 14 (Reuters) - CONTINENTAL AG <CONG.DE>::KATJA DÜRRFELD BECOMES NEW CHIEF FINANCIAL OFFICE.KATJA DÜRRFELD APPOINTED PROF. DR.-ING. WOLFGANG REITZLE, CHAIRMAN OF THE SUPERVISORY BOARD OF CONTINENTAL.IN A FURTHER RESOLUTION, SUPERVISORY BOARD EXTENDED MANDATE OF DR. ARIANE REINHART (52), MEMBER OF BOARD OF MANAGEMENT RESPONSIBLE FOR HUMAN RESOURCES AND SUSTAINABILITY AND LABOR DIRECTOR, BY A FURTHER THREE YEARS UNTIL SEPTEMBER 2025.KATJA DÜRRFELD IS RESPONSIBLE FOR GROUP INFORMATION TECHNOLOGY.SHE WILL BE RESPONSIBLE FOR FINANCE AND CONTROLLING IN THE FUTURE AUTOMOTIVE DIVISION FROM 1 JANUARY 2022.STRATEGIC SUCCESSION PLANNING: DUERRFELD TO TAKE OVER FINANCE AND IT.Further company coverage: CONG.DE. (Gdansk Newsroom). ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;)).

Continental Receives First Series Order For Vehicle High-Performance Computer In China

Dec 2 (Reuters) - CONTINENTAL AG <CONG.DE>::CONTINENTAL RECEIVES FIRST SERIES ORDER FOR VEHICLE HIGH-PERFORMANCE COMPUTER IN CHINA.CONTINENTAL'S HIGH-PERFORMANCE COMPUTER WILL BE USED IN THE ELECTRIC VEHICLES OF A MAJOR CHINESE VEHICLE MANUFACTURER FROM 2023 ONWARDS.Further company coverage: CONG.DE. (Gdansk Newsroom). ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;)).

Continental Says CFO Wolfgang Schaefer Leaves

Nov 17 (Reuters) - Continental AG <CONG.DE>::DGAP-ADHOC: PERSONNEL CHANGE IN THE EXECUTIVE BOARD OF CONTINENTAL AG.SUPERVISORY BOARD OF CONTINENTAL AG AGREED TO MUTUALLY TERMINATE WOLFGANG SCHÄFER'S APPOINTMENT AS MEMBER OF EXECUTIVE BOARD AND CHIEF FINANCIAL OFFICER.NIKOLAI SETZER, CHAIRMAN OF EXECUTIVE BOARD, WILL ASSUME WOLFGANG SCHÄFER'S RESPONSIBILITIES.

Continental Q3 Consolidated Sales At EUR 8.041 Billion

Oct 22 (Reuters) - CONTINENTAL AG <CONG.DE>::REVISES OUTLOOK FOR FISCAL 2021 AND ANNOUNCES PRELIMINARY KEY DATA FOR THE THIRD QUARTER OF 2021.EXPECTS THAT GLOBAL LIGHT VEHICLE PRODUCTION GROWTH IN FISCAL 2021 WILL BE BETWEEN -1% AND +1% VERSUS FISCAL 2020.COMPANY'S PREVIOUS OUTLOOK FROM AUGUST 5, 2021 ASSUMED GLOBAL LIGHT VEHICLE PRODUCTION WOULD GROW BY +8% TO +10%.2021 CONSOLIDATED SALES ARE EXPECTED TO BE APPROXIMATELY EUR 32.5 TO EUR 33.5 BILLION (PREVIOUSLY EUR 33.5 TO EUR 34.5 BILLION) AND ADJUSTED EBIT MARGIN IS ANTICIPATED TO BE IN RANGE OF APPROXIMATELY 5.2% TO 5.6% (PREVIOUSLY 6.5% TO 7.0%)..NEGATIVE EFFECTS FROM COST INFLATION FOR KEY INPUTS INCLUDING ELECTRONICS AND ELECTROMECHANICAL COMPONENTS FOR AUTOMOTIVE TECHNOLOGIES, RAW MATERIALS FOR RUBBER TECHNOLOGIES AS WELL AS ENERGY AND LOGISTICS ARE BECOMING MORE MATERIAL.Q3 CONSOLIDATED SALES OF CONTINENTAL GROUP WERE EUR 8.041 BILLION (Q3 2020: EUR 8.679 BILLION).Q3 ADJUSTED EBIT MARGIN WAS 5.2% (Q3 2020: 8.4%).FREE CASH FLOW BEFORE ACQUISITIONS, DIVESTMENTS AND CARVE-OUT EFFECTS FOR CONTINUING AND DISCONTINUED OPERATIONS IS EXPECTED TO BE IN RANGE OF APPROXIMATELY EUR 800 MILLION TO EUR 1.2 BILLION (PREVIOUSLY EUR 1.1 TO EUR 1.5 BILLION FOR CONTINUING OPERATIONS).FOR AUTOMOTIVE TECHNOLOGIES SALES OF APPROXIMATELY EUR 14.5 TO EUR 15.0 BILLION (PREVIOUSLY EUR 16.0 TO EUR 16.5 BILLION) ARE EXPECTED.

Continental CFO Says Chip Crisis Will Continue Next Year

Aug 5 (Reuters) - Continental AG <CONG.DE>::CFO SAYS EXPECT ADDITIONAL LOGISTICS COSTS OF 200 MILLION EUR OR SLIGHTLY MORE, IN AUTOMOTIVE BUSINESS FOR 2021.CFO SAYS CHIP CRISIS WILL CONTINUE NEXT YEAR.Further company coverage: CONG.DE. (Berlin Speed Desk). ((frankfurt.newsroom@thomsonreuters.com;)).

Continental Acquires Stake In Kopernikus Automotive

Aug 3 (Reuters) - Continental AG <CONG.DE>::CONTINENTAL ACQUIRES STAKE IN KOPERNIKUS AUTOMOTIVE, ARTIFICIAL INTELLIGENCE SPECIALIST FOR AUTOMATED PARKING.TWO COMPANIES HAVE AGREED NOT TO DISCLOSE SIZE OF INVESTMENT.

U.S. ITC to probe some integrated circuits after MedTek complaint -statement

July 22 (Reuters) - MediaTek Inc <2454.TW>::U.S. INTERNATIONAL TRADE COMMISSION SAYS IT WILL PROBE CERTAIN INTEGRATED CIRCUITS AFTER TAIWAN'S MEDTEK INC FILED COMPLAINT - STATEMENT.U.S. ITC SAYS PROBE WILL EXAMINE CERTAIN INTEGRATED CIRCUITS FROM NXP SEMICONDUCTORS, AVNET, ARROW ELECTRONICS, CONTINENTAL AG, OTHER COMPANIES -STATEMENT.

Continental Appoints Gilles Mabire As CTO

June 23 (Reuters) - CONTINENTAL AG <CONG.DE>::GILLES MABIRE WILL ASSUME RESPONSIBILITY FOR GLOBAL AUTOMOTIVE RESEARCH AND DEVELOPMENT AS CTO LATEST BY JANUARY 1, 2022.MABIRE SUCCEEDING DR. DIRK ABENDROTH, WHO IS LEAVING COMPANY AT HIS OWN REQUEST AT END OF JUNE 2021.

Continental And Censtar Expand Collaboration In China

June 1 (Reuters) - CONTINENTAL AG <CONG.DE>::CONTINENTAL AND CENSTAR EXPAND STRATEGIC COLLABORATION TO JOINTLY DRIVE FUTURE MOBILITY IN CHINA.FORMALLY SIGNED AN AGREEMENT AIMED AT DEVELOPING DISPENSING HOSE SOLUTIONS FOR HYDROGEN REFUELING STATIONS.AGREEMENT SIGNED BY CONTINENTAL AND CENSTAR FOR POOLING OF EXPERTISE ON RUBBER AND THERMOPLASTICS WITH TECHNOLOGICAL AND MARKETING KNOW-HOW ON HYDROGEN ENERGY.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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