Continental : A group as transformative as the industry
>IHO: Buy recommendation on the 2028 PIK toggle notes; Neutral on the 2026 and 2027 notes. - Schaeffler: Neutral recommendation across the curve. - We have no credit opinion and recommendations on Conti bonds and USD tranches. - Please see our summary on page 3 and our “key thesis on one page”. - Support factors - IHO Verwaltungs GmbH’s (IHO) sub-groups Schaeffler AG (Schaeffler), Continental AG (Conti) and Vitesco Technologies Group AG (Vitesco) are leading g...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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