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MarketScreener Homepage  >  Equities  >  Xetra  >  Continental AG    CON   DE0005439004

CONTINENTAL AG

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Prosecutors searched Germany's Continental in diesel emissions probe

10/22/2020 | 05:09am EST
FILE PHOTO: The logo of Continental is pictured on a rim in Hanover

FRANKFURT (Reuters) - German auto supplier Continental on Thursday said its premises in the German cities of Hanover and Regensburg were searched by prosecutors on Sept. 22 as part of an ongoing probe into emissions cheating devices.

Continental said it is cooperating with authorities.

The Hanover prosecutor's office could not be reached for comment.

In July prosecutors in Hanover searched Continental, investigating its role in supplying engine components for a 1.6 litre VW diesel engine which had breached emissions limits and masked excessive pollution using illegal software.

At the time, prosecutors searched premises in Hanover, Regensburg, Wolfsburg, Gifhorn, Berlin, Frankfurt and Nuremberg and investigated employees of Continental for abetting fraud and for providing false documentation.

Continental late on Wednesday warned it would post a third-quarter loss when it reports financial results on Nov. 11.

(Reporting by Jan Schwartz and Joern Poltz; Writing by Edward Taylor; Editing by Maria Sheahan)


© Reuters 2020
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Financials
Sales 2020 37 416 M 44 614 M 44 614 M
Net income 2020 -549 M -654 M -654 M
Net Debt 2020 4 572 M 5 451 M 5 451 M
P/E ratio 2020 -43,7x
Yield 2020 2,06%
Capitalization 23 341 M 27 790 M 27 831 M
EV / Sales 2020 0,75x
EV / Sales 2021 0,66x
Nbr of Employees 233 688
Free-Float 54,0%
Chart CONTINENTAL AG
Duration : Period :
Continental AG Technical Analysis Chart | CON | DE0005439004 | MarketScreener
Technical analysis trends CONTINENTAL AG
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 111,92 €
Last Close Price 116,70 €
Spread / Highest target 42,2%
Spread / Average Target -4,10%
Spread / Lowest Target -43,4%
EPS Revisions
Managers
NameTitle
Elmar Degenhart 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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