Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Xetra  >  Continental    CON   DE0005439004

My previous session
Most popular
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

Continental in Mex­ico: A strong part­ner for in­dus­trial...

share with twitter share with LinkedIn share with facebook
share via e-mail
04/17/2018 | 09:47am CEST

Continental has been partnering with MasterLift for several years.

  • Strong industrial players in Toluca Valley, Mexico, rely on Continental tires purchased at tire dealer MasterLift
  • Continental is an important employer in Mexico, this year's partner country of Hannover Messe

Hanover, April 17, 2018. The demand for specialized vehicles such as forklifts has had a boom in recent years - throughout Europe but also in Mexico, this year's partner country of Hannover Messe. A strong dealer for this demanding niche is MasterLift. The company is an authorized distributor of Continental México in the industrial tire segment. With a strong presence in the Valley of Toluca, it also offers integral services for forklift trucks.

'Toluca valley today is a strong industrial and commercial region with a high population density with most of the area urbanized', explains César Rojo, General Director of MasterLift. 'While mainly driven by agriculture and forestry in the first half of the 20th century, industrialization of the valley began in the 1940s, along with the neighboring Valley of México, accelerating in the 1950s and 1960s. Today, big companies and corporations such as Robert Bosch México, Johnson and Son or Federal Express have manufacturing facilities in the area - driving also the demand for industrial machinery, specialized tires and services.'

With the sales of spare parts, MasterLift started its business 13 years ago. A range of services and tires followed and the company soon became a multi-brand distributor. 'However, when we had the opportunity to become a Continental dealer, we did not hesitate to raise our hand', says Rojo. Ever since, the company has further expanded its business and built up a strong customer base. Today, tires represent 30 percent of their business, supplemented by spare parts, accessories, safety equipment, services and forklift rental. 'The combination of personalized services as well as consulting and the performance of premium Continental tires has been the key to our success. Today, our customers specify Continental tires in their purchase orders. Technology and quality of the tires resulting in clearly visible cost-benefits are the main drivers of repeated purchases', Rojo says.

Important regional employer

With a workforce numbering more than 24,000 in México, Continental is an important employer in the country, offering its staff a high degree of flexibility and development opportunities. Thanks to its state-of-the art technology, globally standardized production processes and a comprehensive quality management system, Continental ensures that the company can meet and exceed its customers' performance and quality specifications.

Continental industrial tire portfolio at Hannover Messe

For the first time, Continental will showcase its latest products and developments from the tire segment at Hannover Messe instead of CeMat. Together with other technological highlights and intelligent key technologies from Continental, its tire portfolio and tire pressure management system for industrial applications will be on display in Hall 5, Stand E18 from April 23 to 27.


Continental AG published this content on 17 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 April 2018 07:46:02 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on CONTINENTAL
09/24CONTINENTAL AG : Release according to Article 40, Section 1 of the WpHG [the Ger..
09/24AUTOMOTIVE BRAND CONTEST : Continental's Integrated Cockpit System Crowned Innov..
09/21CONTINENTAL : Presents Volvo FH as Demo Truck at IAA Commercial Vehicles
09/21CONTINENTAL : Thermal Management Increases Vehicle Efficiency by 25 Percent Glob..
09/19UP-TIME FOR THE FLEET AND NEW CUS-TO : Continental launches TruckOn
09/19Schaeffler Confirms Group Guidance, Adjusts Division Forecasts
09/18CONTINENTAL : No Automation without Orientation - Continental Develops Environme..
09/13CONTINENTAL : Controlled by Electronics Continental Launched Its First Driverles..
09/13CONTINENTAL : Training courses for loyalty Continental develops bonus program fo..
09/13CONTINENTAL : Premiere at Automechanika Filters Supplement Continental's Product..
More news
News from SeekingAlpha
09/06Monthly Dividend Stocks Discounts Worldwide - August 2018 
08/22Auto parts sector swings lower 
08/07Valeo Pounded Down On A Weak Transition Period 
08/02Continental AG ADR 2018 Q2 - Results - Earnings Call Slides 
08/02Continental AG reports Q2 results 
Financials (€)
Sales 2018 45 052 M
EBIT 2018 4 154 M
Net income 2018 2 852 M
Debt 2018 2 249 M
Yield 2018 2,81%
P/E ratio 2018 11,27
P/E ratio 2019 10,15
EV / Sales 2018 0,76x
EV / Sales 2019 0,68x
Capitalization 31 821 M
Duration : Period :
Continental Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CONTINENTAL
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 194 €
Spread / Average Target 22%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
CONTINENTAL-30.33%37 381
DENSO CORP-15.43%40 996
APTIV6.41%23 766
HYUNDAI MOBIS CO., LTD.--.--%19 493
AISIN SEIKI CO LTD-15.13%14 235