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MarketScreener Homepage  >  Equities  >  Xetra  >  Continental AG    CON   DE0005439004

CONTINENTAL AG

(CON)
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Continental : Cuts Proposed Dividend for Fiscal 2019

06/03/2020 | 06:12am EST

By Giulia Petroni

Continental AG said Wednesday that it would cut its dividend proposal for fiscal year 2019 due to economic uncertainty.

The German car-parts manufacturer said the executive and supervisory boards proposed a dividend payment of 3 euros ($3.35) per share. The company had previously proposed a dividend of EUR4 per share.

The reduced proposal will be put to a vote at the annual shareholders' meeting scheduled for July 14, Continental said.

"The economic landscape continues to be characterized by a high degree of uncertainty due to the impact of the coronavirus," said Wolfgang Reitzle, chairman of the supervisory board. "In this challenging situation, ample capital resources and adequate liquidity are of top priority."

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
CONTINENTAL AG -2.48% 118.2 Delayed Quote.-2.52%
LINDE PLC -2.12% 258.09 Delayed Quote.-2.06%
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Financials
Sales 2020 37 422 M 45 215 M 45 215 M
Net income 2020 -448 M -542 M -542 M
Net Debt 2020 4 539 M 5 485 M 5 485 M
P/E ratio 2020 -54,8x
Yield 2020 1,95%
Capitalization 23 641 M 28 583 M 28 563 M
EV / Sales 2020 0,75x
EV / Sales 2021 0,67x
Nbr of Employees 233 688
Free-Float 54,0%
Chart CONTINENTAL AG
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Continental AG Technical Analysis Chart | MarketScreener
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Technical analysis trends CONTINENTAL AG
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
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%
EPS Revisions
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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