Continental AG

Continental is an automotive industry supplier. Co.'s automotive divisions comprised of: Chassis & Safety, which develops and produces systems that provide safety and enhanced vehicle dynamics; Powertrain, which develops solutions for gasoline and diesel engines, as well as hybrid and electrical drive systems; and Interior, which provides solutions for information management within vehicles and networking between vehicles. Co.'s rubber divisions comprised of: Tires, which provides tires for passenger cars through trucks, buses and construction site vehicles to special vehicles, motorcycles and bicycles; and ContiTech, which develops products made from rubber and plastic.
  • TickerCON
  • ISINDE0005439004
  • SectorAutomobiles & Parts
  • CountryGermany

Moody's assigns P-2 ratings to Continental AG

Rating Action: Moody's assigns P-2 ratings to Continental AG. Global Credit Research- 10 Jul 2020. Frankfurt am Main, July 10, 2020-- Moody's Investors Service has today assigned short-time Prime-2 issuer rating and commercial paper rating to Continental AG.

Anthony Dick ...
  • Jean-Baptiste Rouphael
  • Laurence Hofmann
  • Michael Foundoukidis
  • Pierre Tegner
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/03/2020

Ecology and economic development are often depicted as opposing forces. The European Green Deal pulls off the feat of promoting the former to ensure the latter. Whilst its financing may have raised doubts, the prospect of the € 750bn recovery plan underpins its credibility. Better still, this plan, which proposes for the first time a pooling of debts, is revolutionary. Indeed, for the sectors and stocks concerned, it catalyses the cumulative effects of the additional activity that th...

Anthony Dick ...
  • Jean-Baptiste Rouphael
  • Laurence Hofmann
  • Michael Foundoukidis
  • Pierre Tegner
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 03/07/2020

On oppose souvent écologie et développement économique. Le pacte vert européen réussit le tour de force de promouvoir la première pour assurer le second. Si son financement a pu soulever des doutes, la perspective d’adoption du plan de recovery de 750 Md€ renforce sa crédibilité. Mieux, ce plan, qui propose pour la première fois une mutualisation des dettes, est révolutionnaire. En effet, il catalyse pour les secteurs et valeurs concernées, les effets cumulés du supplément d’activité ...

Anthony Dick ...
  • Michael Foundoukidis

Continental : Pending further cost savings initiatives

>No breakthrough message during the roadshow - Yesterday we had the pleasure of organising a roadshow with Wolfgang Shaeffer, Continental’s CFO, and Bernard Wang, head of investor relations. In the short term, there is no breakthrough message, except perhaps for a more positive tone on the recovery in volumes in replacement tyres recently. The group still plans to rely on its technological leadership and is confident regarding its prospects beyond 2020, while rei...

Anthony Dick ...
  • Michael Foundoukidis

Continental : En attendant de nouvelles mesures de réduction de coûts

>Pas de message de rupture lors de ce roadshow - Nous avions hier le plaisir d’organiser un roadshow avec Mr. Schaeffer, CFO de Continental, et Mr. Wang, responsable Relations Investisseurs. Sur le court terme, pas de message de rupture si ce n’est, peut-être, une tonalité plus positive sur la reprise des volumes dans le pneu remplacement. Le groupe entend toujours s’appuyer sur son leadership technologique et reste confiant quant à ses perspectives de croissance...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Add exposure to cyclicals Our positive outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains intact and we believe a “buy the dip” strategy is warranted. We recommend taking advantage of recent weakness -- where applicable -- by adding exposure to cyclical Sectors. • Actionable Sectors: Consumer Discretionary and Manufacturing. Today's recommendations focus on autos, auto parts, and machinery which span the Discretionary and Manufacturing Sectors. We initially recommended adding exposure to autos and auto parts in our 3/14/19 Int'l Compass, and we view the recent mild pullb...

Matthieu DRIOL

Analyse court terme - CONTINENTAL : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 145,15 € prochainement. Le prochain objectif est à 126,75 €, puis 117,81 €. Le franchissement de 162,45 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - CONTINENTAL : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €145.15. The next target is at €126.75, then €117.81. Passing €162.45 would question the continuation of the fall.

Matthieu DRIOL

Short term view - CONTINENTAL : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €145.15. The next target is at €126.75, then €117.81. Passing €162.45 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - CONTINENTAL : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 145,15 € prochainement. Le prochain objectif est à 126,75 €, puis 117,81 €. Le franchissement de 162,45 € remettrait en cause la suite de la baisse.

Anthony Dick ...
  • Michael Foundoukidis

Continental : Pending further cost savings initiatives

>No breakthrough message during the roadshow - Yesterday we had the pleasure of organising a roadshow with Wolfgang Shaeffer, Continental’s CFO, and Bernard Wang, head of investor relations. In the short term, there is no breakthrough message, except perhaps for a more positive tone on the recovery in volumes in replacement tyres recently. The group still plans to rely on its technological leadership and is confident regarding its prospects beyond 2020, while rei...

Anthony Dick ...
  • Michael Foundoukidis

Continental : En attendant de nouvelles mesures de réduction de coûts

>Pas de message de rupture lors de ce roadshow - Nous avions hier le plaisir d’organiser un roadshow avec Mr. Schaeffer, CFO de Continental, et Mr. Wang, responsable Relations Investisseurs. Sur le court terme, pas de message de rupture si ce n’est, peut-être, une tonalité plus positive sur la reprise des volumes dans le pneu remplacement. Le groupe entend toujours s’appuyer sur son leadership technologique et reste confiant quant à ses perspectives de croissance...

Anthony Dick ...
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Johanna Jourdain
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 06/19/2020

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Alfred Glaser ...
  • Anthony Dick
  • Antoine Boivin-Champeaux
  • Delphine Brault
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Johanna Jourdain
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/19/2020

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Anthony Dick ...
  • Michael Foundoukidis

ODDO : Q2/H1 not that easy to reconcile with auto stocks rally

>A new cut to our LVP scenario and earnings estimates - Going into the Q2/H1 2020 earnings season, we have updated our 2020 LVP scenario (-22% vs -19%) given a tougher than expected Q2-20 (-48%e) and the fact that H2 is now expected to show a decline (-8%e) despite the encouraging improvement seen in China in Q2. Within the segment, our revisions clearly relate mainly to auto suppliers rather than tyre makers although the latter have also been affected by the lockdown...

Moody's assigns P-2 ratings to Continental AG

Rating Action: Moody's assigns P-2 ratings to Continental AG. Global Credit Research- 10 Jul 2020. Frankfurt am Main, July 10, 2020-- Moody's Investors Service has today assigned short-time Prime-2 issuer rating and commercial paper rating to Continental AG.

Continental AG - March 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Continental AG - December 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Continental AG: Update following downgrade to Baa2, outlook negative

Our credit view of Continental AG, reflecting the ongoing difficult environment for automotive suppliers and the resulting weakness in the company’s profit margins and credit metrics.

Continental AG - September 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Anthony Dick ...
  • Jean-Baptiste Rouphael
  • Laurence Hofmann
  • Michael Foundoukidis
  • Pierre Tegner
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/03/2020

Ecology and economic development are often depicted as opposing forces. The European Green Deal pulls off the feat of promoting the former to ensure the latter. Whilst its financing may have raised doubts, the prospect of the € 750bn recovery plan underpins its credibility. Better still, this plan, which proposes for the first time a pooling of debts, is revolutionary. Indeed, for the sectors and stocks concerned, it catalyses the cumulative effects of the additional activity that th...

Anthony Dick ...
  • Jean-Baptiste Rouphael
  • Laurence Hofmann
  • Michael Foundoukidis
  • Pierre Tegner
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 03/07/2020

On oppose souvent écologie et développement économique. Le pacte vert européen réussit le tour de force de promouvoir la première pour assurer le second. Si son financement a pu soulever des doutes, la perspective d’adoption du plan de recovery de 750 Md€ renforce sa crédibilité. Mieux, ce plan, qui propose pour la première fois une mutualisation des dettes, est révolutionnaire. En effet, il catalyse pour les secteurs et valeurs concernées, les effets cumulés du supplément d’activité ...

Anthony Dick ...
  • Aurelien Sivignon
  • Emmanuel Matot
  • Fatma Ayachi
  • Jean-François Granjon
  • Johanna Jourdain
  • Matthias Desmarais
  • Michael Foundoukidis
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/27/2020

...

Anthony Dick ...
  • Emmanuel Matot
  • Jerôme Bodin
  • Michael Foundoukidis
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/27/2020

...

Anthony Dick ...
  • Aurelien Sivignon
  • Emmanuel Matot
  • Fatma Ayachi
  • Jean-François Granjon
  • Johanna Jourdain
  • Matthias Desmarais
  • Michael Foundoukidis
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 27/05/2020

...

Thanks to a better fundamental star rating, CONTINENTAL AG sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to CONTINENTAL AG (DE), active in the Tires industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date May 8, 2020, the closing price was EUR 78.82 and its expected value was estimated at EUR 76.91.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Continental - AGM 14 July 2020

General: The AGM is to be held in the form of a virtual AGM in accordance with the German Law to Mitigate the Consequences of the COVID-19 Pandemic. The physical presence of shareholders or their authorised proxies is not possible. The voting rights may therefore be exercised solely by postal vote or by granting authority to the proxies designated by the Company. Item 2: Management and Supervisory Board are proposing a dividend of EUR 3.00 per share (decreased by 36.84% from EUR 4.75). On 3 June 2020, the Management Board and the Supervisory Board resolved to adjust their initial proposal on ...

Expert Corporate Governance Service (ECGS)

Continental - AGM 26 April 2019

Items 3.1-3.8: We recommend to oppose the discharge of the Management Board. The issuance of two profit warnings in financial year 2018 raises fundamental concerns over the reliability of the Management Board's forecasting ability and its communication to stakeholders. Item 4.4: We recommend to oppose the discharge of Supervisory Board member Francesco Grioli due to his insufficient attendance at Supervisory Board and committee meetings in financial year 2018. Item 5: KPMG, Hanover, is proposed as auditor for the current financial year. We have no concerns over the ratio of non-audit/audit f...

Continental – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Proxy Report - 27/04/2018

Items 4.13 and 4.20: We recommend opposing the discharge of Supervisory Board members Maria-Elisabeth Schaeffler-Thumann and Prof. KR Ing. Siegfried Wolf due to their insufficient attendance at Supervisory Board and committee meetings in financial year 2017. Item 5: KPMG, Hanover, is proposed as auditor for the current financial year. We have no concerns over the ratio of non-audit/audit fees. However, we note that KPMG or its predecessor have audited the Company since at least the financial year 1975 (no earlier data available) which significantly exceeds our maximum acceptable term of offic...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 28/04/2017

Items 4.4, 4.14, 4.18: We recommend opposing the discharge of Supervisory Board members Prof. Dr.-Ing. Peter Gutzmer, Maria-Elisabeth Schaeffler-Thumann and Elke Volkmann due to their insufficient attendance at Board meetings.Item 5: We recommend opposing the re-appointment of KPMG, Hanover, as auditor for the current financial year. KPMG has audited the Company since at least the financial year 1975 (no earlier data available) which exceeds our maximum acceptable term of office. We consider a longer term of office may impair the auditor's independence.Item 6: We recommend opposing the approva...

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