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MarketScreener Homepage  >  Equities  >  Xetra  >  Continental AG    CON   DE0005439004

CONTINENTAL AG

(CON)
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Continental : Targets Carbon-Neutral Production by 2040

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09/10/2019 | 06:43am EDT

By Max Bernhard

Continental AG (CON.XE) said Tuesday that it is targeting carbon-neutral production by 2040 and that it plans to exclusively use renewable energy at all its production sites globally by the end of next year.

"In terms of sales, we will reduce our energy expenditures by a fifth over the next 10 years," Chief Executive Elmar Degenhart said at the Frankfurt Motor Show.

Continental said that its environmental strategy also relates to resource efficiency, waste reduction, and the sustainable use of water in regions where access to clean water is difficult.

Mr. Degenhart also called on legislators in Germany to reduce the tax burden on automotive companies.

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

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Financials (EUR)
Sales 2019 44 518 M
EBIT 2019 3 261 M
Net income 2019 2 000 M
Debt 2019 3 586 M
Yield 2019 3,10%
P/E ratio 2019 12,7x
P/E ratio 2020 10,2x
EV / Sales2019 0,65x
EV / Sales2020 0,62x
Capitalization 25 281 M
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Technical analysis trends CONTINENTAL AG
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Mean consensus HOLD
Number of Analysts 27
Average target price 129,23  €
Last Close Price 126,72  €
Spread / Highest target 42,0%
Spread / Average Target 1,98%
Spread / Lowest Target -34,3%
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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