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MarketScreener Homepage  >  Equities  >  Xetra  >  Continental AG    CON   DE0005439004

CONTINENTAL AG

(CON)
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Real-time Estimate Quote. Real-time Estimate TRADEGATE AG - 01/18 02:36:20 pm
118.4000 EUR   +0.17%
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Continental : Comes Top in Slovakian Magazine's All-season Tire Test

12/02/2020 | 07:45am EST
  • Autozurnal tested all-season tires in summer and winter conditions
  • AllSeasonContact proved best in test with 'very good' rating
  • Three out of seven tire models rated 'poor' or 'very poor'

Slovakian car magazine Autozurnal awarded the AllSeasonContact a 'very good' rating as the Continental tire proved best in test (issue 10/20). The magazine tested 205/55 R 16 tires - a size suitable for fitting to a wide range of compact to mid-range models. The test vehicle was a Skoda Scala.

The tests included driving on snow, as well as on wet and dry roads. The AllSeasonContact impressed with a very balanced performance and safe wet-weather properties and was also named 'best in aquaplaning test' by the magazine. On top of this, the Continental tire also scored maximum points for ride quality.

The expert testers were less happy with three of the seven tires in the test line-up, which they rated either 'poor' or 'very poor', providing further proof that there are marked differences in quality between all-season tires as well.

Continental's AllSeasonContact is widely considered a premium tire that meets high safety requirements. It offers good grip on cold and wet or snow-covered roads, safe handling during the summer and very low rolling resistance, which is important in terms of fuel economy. Just in time for switch-over season, when drivers prepare to fit winter tires, Continental has further expanded its all-season portfolio, beginning production of 41 new sizes with different load indexes and speed approvals, some of which also feature ContiSeal sealing technology. The range now includes 119 items in widths of between 175 and 255 millimeters, with aspect ratios of between 70 and 35 percent, and for 14- to 20-inch rims. As a result, a wide range of models from compact cars to luxury limousines can now be fitted with AllSeasonContact tires. In the meantime, automakers have also approved Continental's all-season tire for fitment as original equipment. Volkswagen, for example, has decided to offer the AllSeasonContact as an alternative tire for the ID.3.

Disclaimer

Continental AG published this content on 01 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2020 12:44:07 UTC


© Publicnow 2020
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Financials
Sales 2020 37 422 M 45 125 M 45 125 M
Net income 2020 -448 M -541 M -541 M
Net Debt 2020 4 539 M 5 474 M 5 474 M
P/E ratio 2020 -54,8x
Yield 2020 1,95%
Capitalization 23 641 M 28 583 M 28 506 M
EV / Sales 2020 0,75x
EV / Sales 2021 0,67x
Nbr of Employees 233 688
Free-Float 54,0%
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 119,63 €
Last Close Price 118,20 €
Spread / Highest target 40,4%
Spread / Average Target 1,21%
Spread / Lowest Target -44,2%
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Managers and Directors
NameTitle
Nikolai Setzer Chairman-Executive Board
Wolfgang W. Reitzle Chairman-Supervisory Board
Wolfgang Schäfer Head-Finance, Controlling, Compliance & Law
Michael Iglhaut Member-Supervisory Board
Dirk Nordmann Member-Supervisory Board
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