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MarketScreener Homepage  >  Equities  >  Xetra  >  Continental    CON   DE0005439004

CONTINENTAL (CON)
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Continental : 3Q Net Profit Soars, Backs 2017 Guidance

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11/09/2017 | 08:51am CEST
   By Euan Conley 
 

Continental AG (CON.XE) said on Thursday that third-quarter net profit rose sharply and confirmed its revenue and earnings outlook for the year.

Net profit for the three months ended 30 Sept. was EUR729.1 million ($845.37 million) compared with EUR378.5m for the same period last year. Revenue was up 7.1% to EUR10.69 billion, which the German automotive supplier attributed to strong sales of electronics, software and sensor technology.

Continental maintained its sales outlook for the year and said it expects sales of more than EUR44 billion in 2017. The company also confirmed its earnings forecast.

"In the fourth quarter in particular, we expect a sharp decline in working capital, which after nine months expanded by EUR 660 million year on year due to our excellent growth," said Wolfgang Schaefer, Continental's chief financial officer.

Write to Euan Conley at euan.conley@dowjones.com

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Financials (€)
Sales 2018 45 045 M
EBIT 2018 4 149 M
Net income 2018 2 851 M
Debt 2018 2 249 M
Yield 2018 3,23%
P/E ratio 2018 9,80
P/E ratio 2019 8,85
EV / Sales 2018 0,67x
EV / Sales 2019 0,60x
Capitalization 28 031 M
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 193 €
Spread / Average Target 39%
EPS Revisions
Managers
NameTitle
Elmar Degenhart Chairman-Executive Board
Wolfgang W. Reitzle Chairman-Supervisory Board
Wolfgang Schäfer Head-Finance, Controlling, Compliance, Law & IT
Michael Iglhaut Member-Supervisory Board
Dirk Nordmann Member-Supervisory Board
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