Announcement • Mar 26
Continental Aktiengesellschaft Announces the End of the Term of Supervisory Board Continental Aktiengesellschaft announced the term of office of Ms. Sabine Neuß, Mr. Satish Khatu, Prof. Wolfgang Reitzle and Mr. Georg F. W. Schaeffler as shareholder representatives on the Supervisory Board will end with the close of the Annual Shareholders’ Meeting on April 30, 2026. Announcement • Feb 04
Continental Aktiengesellschaft to Report Fiscal Year 2025 Results on Mar 04, 2026 Continental Aktiengesellschaft announced that they will report fiscal year 2025 results at 7:30 AM, Central European Standard Time on Mar 04, 2026 Announcement • May 08
Continental Aktiengesellschaft Provides Consolidated Earnings Guidance for the Year 2025 Continental Aktiengesellschaft provided consolidated earnings guidance for the year 2025. For the continuing operations of Tires and ContiTech: Continental expects consolidated sales in the range of around EUR 19.5 billion to EUR 21.0 billion. For the discontinued operations of the Automotive group sector, Continental expects sales of around EUR18.0 billion to EUR20.0 billion. Announcement • Apr 10
Continental AG Announces Board Changes Continental AG announced new composition of the Executive Board With the creation of three independent companies, adjustments will be made to the composition of the Continental Executive Board. Dr. Ariane Reinhart (55), Executive Board member for HR and Sustainability and director of Labor Relations, will step down from her position on June 30, 2025. Ulrike Hintze (48) will be appointed as director of Labor Relations and Executive Board member for HR effective July 1, 2025. She will continue to manage the HR function in the Tires group sector at the same time. Setzer will take over responsibility for Sustainability from Reinhart in addition to his responsibility for IT and Communications. Announcement • Mar 20
Continental Aktiengesellschaft, Annual General Meeting, Apr 25, 2025 Continental Aktiengesellschaft, Annual General Meeting, Apr 25, 2025, at 10:00 W. Europe Standard Time. Announcement • Mar 14
Continental Aktiengesellschaft Approves Dividend Policy Continental Aktiengesellschaft approved the dividend policy proposed by the Executive Board for both future groups. For Continental AG’s dividend payout ratio, the target corridor is 40% to 60% of its net income. Announcement • Mar 05
Continental Aktiengesellschaft announces Annual dividend, payable on April 30, 2025 Continental Aktiengesellschaft announced Annual dividend of EUR 2.5000 per share payable on April 30, 2025, ex-date on April 28, 2025 and record date on April 29, 2025. Announcement • Feb 21
Continental Aktiengesellschaft to Report Fiscal Year 2024 Results on Mar 04, 2025 Continental Aktiengesellschaft announced that they will report fiscal year 2024 results at 7:30 AM, Central European Standard Time on Mar 04, 2025 Announcement • Feb 08
Continental Appoints Nino Romano as New Chief Technology Officer of Its Automotive Group Sector Continental has appointed of Nino Romano as the new chief technology officer (CTO) of its Automotive Group sector. Continental has unveiled plans to list its automotive unit on the Frankfurt stock exchange by the end of 2025. This move is also to make its original equipment solutions (OESL) division, which supplies rubber products to automotive manufacturers, an independent entity. Nino Romano, who previously served as head of quality and operations, takes over from Gilles Mabire, who left the company in November. Romano has been with the German automotive supplier since 1993, holding various roles in research, development, and quality management. His experience includes leading development for electronic brake systems in the Vehicle Dynamics business area and serving on the Automotive Management Board since 2020. Under Romano's leadership, the new CTO organisation will consolidate technology and operations. The quality division will now function independently within the Automotive group sector. Announcement • Dec 05
Global Tracking Communications, Inc. acquired 81% stake in Zonar Systems, Inc. from Continental Aktiengesellschaft (XTRA:CON). Global Tracking Communications, Inc. acquired 81% stake in Zonar Systems, Inc. from Continental Aktiengesellschaft (XTRA:CON) on December 3, 2024. Following the acquisition, Zonar will operate as part of the GPS Trackit portfolio. Zonar has more than 300 employees. William Blair & Company, L.L.C acted as financial advisor to Zonar Systems, Inc.
Global Tracking Communications, Inc. completed the acquisition of 81% stake in Zonar Systems, Inc. from Continental Aktiengesellschaft (XTRA:CON) on December 3, 2024. Announcement • Nov 13
Continental Aktiengesellschaft to Report Nine Months, 2025 Results on Nov 06, 2025 Continental Aktiengesellschaft announced that they will report nine months, 2025 results on Nov 06, 2025 Reported Earnings • Nov 12
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: €2.43 (up from €1.49 in 3Q 2023). Revenue: €9.83b (down 4.0% from 3Q 2023). Net income: €486.0m (up 63% from 3Q 2023). Profit margin: 4.9% (up from 2.9% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €51.62, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Auto Components industry in Germany. Total loss to shareholders of 41% over the past three years. Reported Earnings • Aug 08
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: EPS: €1.52 (up from €1.04 in 2Q 2023). Revenue: €10.0b (down 4.1% from 2Q 2023). Net income: €305.0m (up 46% from 2Q 2023). Profit margin: 3.0% (up from 2.0% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €61.38, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Auto Components industry in Germany. Total loss to shareholders of 36% over the past three years. Announcement • Jul 02
Continental AG Appoints Egemen Atis as Head of Strategy, Analytics and Marketing at Continental Tires EMEA Continental AG announced that Egemen Atis will take over as Head of Strategy, Analysis and Marketing (SAM) for the Europe, Middle East and Africa (EMEA) tire replacement business on July 1, 2024. His responsibilities will include the areas of Product Management, Marketing Communications, Public Relations, eBusiness, Business Analytics, Pricing and Strategy Business Development. Atis is moving from Seoul, where he was responsible for Continental's Korean original equipment business and served the customers Hyundai and Kia, to Continental's headquarters in Hanover. Prior to his work in South Korea, he was Head of Sales and Head of Commercial Operations Tires for Continental in Turkiye for six years. Reported Earnings • May 08
First quarter 2024 earnings released: €0.27 loss per share (vs €1.91 profit in 1Q 2023) First quarter 2024 results: €0.27 loss per share (down from €1.91 profit in 1Q 2023). Revenue: €9.79b (down 5.0% from 1Q 2023). Net loss: €53.0m (down 114% from profit in 1Q 2023). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 22
Upcoming dividend of €2.20 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 02 May 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%). Announcement • Apr 09
Continental Aktiengesellschaft (XTRA:CON) acquired EMT Púchov s.r.o. from Dynamic Design (Romania) and EMT’s shareholders. Continental Aktiengesellschaft (XTRA:CON) acquired EMT Púchov s.r.o. from Dynamic Design (Romania) and EMT’s shareholders on April 2, 2024.Continental Aktiengesellschaft (XTRA:CON) completed the acquisition of EMT Púchov s.r.o. from Dynamic Design (Romania) and EMT’s shareholders on April 2, 2024. Announcement • Mar 13
Continental Aktiengesellschaft to Report Fiscal Year 2023 Final Results on Mar 19, 2024 Continental Aktiengesellschaft announced that they will report fiscal year 2023 final results on Mar 19, 2024 Declared Dividend • Mar 10
Dividend of €2.20 announced Shareholders will receive a dividend of €2.20. Ex-date: 29th April 2024 Payment date: 2nd May 2024 Dividend yield will be 3.1%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 88% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 07
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: €5.78 (up from €0.33 in FY 2022). Revenue: €41.4b (up 5.1% from FY 2022). Net income: €1.16b (up €1.09b from FY 2022). Profit margin: 2.8% (up from 0.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Feb 23
Management team of Tikka Spikes Oy led by Juha Rautiainen agreed to acquire Tikka Spikes Oy from Continental Aktiengesellschaft (XTRA:CON) in a management buyout transaction. Management team of Tikka Spikes Oy led by Juha Rautiainen agreed to acquire Tikka Spikes Oy from Continental Aktiengesellschaft (XTRA:CON) in a management buyout transaction on February 22, 2024. As a part of acquisition, all employees of Tikka Spikes will be taken over by the new owners. It has been agreed that supply, development and testing partnerships with Continental will be continued. The target date for completion is March 1, 2024. Announcement • Feb 15
Continental Aktiengesellschaft to Report Fiscal Year 2023 Results on Mar 07, 2024 Continental Aktiengesellschaft announced that they will report fiscal year 2023 results at 7:30 AM, Central European Standard Time on Mar 07, 2024 Announcement • Jan 09
Continental Debuts Automotive Display Embedded in Transparent Swarovski Crystal Continental announced that it is showcasing its Crystal Center Display for the first time at the Consumer Electronics Show 2024. In a world-first, the premium automotive display is fully embedded in a stylish crystal housing - opening up completely new possibilities to integrate minimalist luxury into car interiors with its frameless and semitransparent look. The 10-inch display is based on the latest microLED technology that enables unprecedented levels of brightness and contrast. The image-generating microLED panel is suspended in an artfully composed crystal body, creating the illusion that the content displayed is floating. The unique combination of the automotive display and real crystal was developed in collaboration with Swarovski Mobility. For this solution, the technology company Continental was honored with a CES Innovation Award Honoree for outstanding product design. Its innovative design blurs the boundaries between technology and intuitive interaction, as the semi-transparent and floating display brings in-car virtual assistance systems to life in a way that has never been seen before. This puts interaction between human and vehicle (the so-called human-machine interface) at the heart of an emotionalized brand experience. To bring this unique combination of technology and aesthetics to life, Continental has entered a collaboration with Swarovski mobility. This will allow the two companies to pool their resources and leverage their expertise into a product that breaks new ground in terms of both design and technology. Particular focus was placed on the volumetric crystal panel, which features distinctive faceting created using special grinding techniques. The experts at the traditional Austrian company succeeded in conceiving a delicate yet extremely durable crystal housing that meets the optical and technical challenges of in-vehicle use. The tinted crystal element, striking and transparent, allows the driver and passengers to see right through to the center console behind it. The elegant overall look underscores the unique character and design. The symbiosis of premium crystal and display technology was a big hit when the Crystal Center Display debuted at the Consumer Electronics Show (CES) 2024 in Las Vegas. The world-first from technology company Continental was short-listed as a CES 2024 Innovation Award honoree in the category of "vehicle tech & advanced mobility". The jury was impressed by the innovative and minimalist design combined with the technical features of the display. Announcement • Dec 14
Continental Appoints Ibro Muharemovic as Head of Autonomous Mobility, Continental North America, Effective January 1, 2024 Continental named Ibro Muharemovic as the Head of Autonomous Mobility in North America, effective January 1, 2024. In this pivotal role, Muharemovic will lead the advancement of innovative autonomous driving technologies, a key area in shaping the future of mobility and Transportation. Muharemovic, with an extensive background in vehicle safety and dynamics, will lead the growth of the company’s technology innovations in assisted and autonomous driving in the market, including research and development, supplier solutions, and advancing strategic partnerships. Muharemovic joined Continental in 2005 as an intern in the Electronic Brake Systems business unit. He was hired full-time after graduation in 2007 as a Resident Engineer in the ADAS Business Unit. Since then, he has held many leadership positions within the organization, most recently as the Head of Engineering in the Active Safety and Controls segment in North America, where he was responsible for the development of technologies, components and systems for comprehensive vehicle safety and dynamics. New Risk • Nov 09
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 40% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (40% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Nov 09
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: €1.49 (up from €1.05 loss in 3Q 2022). Revenue: €10.2b (down 1.5% from 3Q 2022). Net income: €298.6m (up €509.4m from 3Q 2022). Profit margin: 2.9% (up from net loss in 3Q 2022). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Sep 28
Continental Aktiengesellschaft, Annual General Meeting, Apr 26, 2024 Continental Aktiengesellschaft, Annual General Meeting, Apr 26, 2024. Announcement • Sep 21
Continental Tires Announces Management Changes Continental Tires announced that Edwin Goudswaard Appointed New Head of Research and Development. Edwin Goudswaard took charge on September 1, 2023. Predecessor Boris Mergell now head of the User Experience business area at Continental Automotive. Edwin Goudswaard takes over responsibility for Continental Tires' research and development activities. Edwin Goudswaard (44) took charge of Continental Tires' research and development activities on September 1, 2023. He succeeds Dr. Boris Mergell (48) who took over as head of the User Experience business area at Continental Automotive, also on September 1, 2023. Goudswaard began his career at Continental in 2006, shortly after completing his mechanical engineering studies. Following an international RD trainee program, he worked in virtual development and product development for original equipment tires. Between 2013 and 2021, Dutch-born Goudswaard assumed various management roles in RD and in the production facilities for two-wheeler and passenger car tires in Europe and Asia. In 2021, he was appointed head of the Two-Wheel tire business area. He was most recently responsible for Continental's global research and development activities in the passenger car tire replacement business. Announcement • Aug 23
Continental Reportedly Considers Sell-Off of ContiTech Car Business Continental Aktiengesellschaft (XTRA:CON) is considering the sale of the car division currently bundled within ContiTech AG, manager magazin reported on August 21, citing company sources. The possible sale would be part of a wider reorganisation of the company being planned by Supervisory Board Chairman Wolfgang Reitzle and the executive board around CEO Nikolai Setzer, the publication added, citing the sources. Continental has taken a series of steps in recent years to restructure and boost profitability as its market capitalisation tumbled to EUR 13 billion ($14.17 billion) from 50 billion in 2018. According to manager magazin, that unit - specialised in belts and sealing systems with a turnover of more than EUR 2 billion - is due to be separated from the business within two years. It could be sold, split up further or merged with another company, the publication reported. Continental declined to comment on the report. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: €1.04 (vs €1.26 loss in 2Q 2022) Second quarter 2023 results: EPS: €1.04 (up from €1.26 loss in 2Q 2022). Revenue: €10.4b (up 10% from 2Q 2022). Net income: €208.6m (up €459.3m from 2Q 2022). Profit margin: 2.0% (up from net loss in 2Q 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jun 09
Continental Develops Child-Presence Detection Technology Aimed At Reducing Child Fatalities Continental has expanded its digital access system CoSmA with the addition of a potentially lifesaving Child-Presence-Detection (CPD) function. When outdoor temperatures reach 80 degrees Fahrenheit, in-car temperatures can reach over 110 degrees within half an hour. This has the potential to be life-threatening for young children left behind in vehicles, as researched by University of Georgia. Consequently, nearly 40 children a year in the U.S. die from heat stroke in vehicles according to the National Highway Traffic Safety Administration (NHTSA). Continental’s Child-Presence Detection function uses ultra-wideband (UWB) technology to prevent such tragedies in the future. The technology detects a child left alone in the vehicle cabin and sends out a warning within seconds. The CPD function also addresses vehicle manufacturers’ needs to meet in-cabin safety targets in anticipation of the upcoming Euro NCAP safety rating and U.S. regulations, which are striving for new child safety requirements in the vehicle by 2025. Ultra-wideband: Detecting even the tiniest motion: The CPD function is seamlessly embedded into the already existing CoSmA UWB Digital Access Solution, which enables drivers to use their smart phone or device as a car key for hands-free access. To detect children that are left behind, the UWB system works in a “reflective-mode.” This means it receives its own transmitted UWB signals back from micro-motions of an object. By detecting a change in frequency or phase of a returned signal, distance and velocity of the moving object can be measured. Even the tiniest motion, such as the movement of a child’s chest while breathing, can be detected by the sensors. Based on unique respiration rates and micro-body-movements, the CPD with UWB system can classify passengers as infants, children, or adults. If infants or children are left behind in the car, the CPD system can send an audible, visual, or haptic alert to the driver in as little as ten seconds. The technology is also able to detect infants and children in any seating position, even if they are covered by a blanket or hidden in a cabin-footwell. The use of CoSmA UWB transceivers, not only for access solutions but also for CPD, makes additional hardware redundant and allows for overall system cost savings and simplification. As a pioneering solution, CoSmA continues to enhance and innovate user experience in vehicles of the digital age. CoSmA UWB revolutionized the classical car keys: The company brought the digital access solution technology CoSmA using ultra-wideband into the market in 2021 by digitalizing the car key and integrating the access function directly into the driver’s smartphone. With this latest version, working with ultra-wideband (UWB) technology, CoSmA offers maximum convenience combined with significantly improved security. Announcement • May 23
S8 Capital acquired Plant in Kaluga, Russia from Continental Aktiengesellschaft (XTRA:CON). S8 Capital acquired Plant in Kaluga, Russia from Continental Aktiengesellschaft (XTRA:CON) on May 22, 2023. Continental and S8 have agreed that employees will be taken over as part of the sales contract. Responsibility for the around 1,100 employees involved was always one of Continental’s key considerations. The transaction has been approved by the relevant authorities.S8 Capital completed the acquisition of Plant in Kaluga, Russia from Continental Aktiengesellschaft (XTRA:CON) on May 22, 2023. Upcoming Dividend • Apr 21
Upcoming dividend of €1.50 per share at 2.3% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 03 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (2.3%). Reported Earnings • Mar 10
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: €0.33 (down from €6.49 in FY 2021). Revenue: €39.4b (up 17% from FY 2021). Net income: €66.6m (down 95% from FY 2021). Profit margin: 0.2% (down from 3.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 88%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: €1.05 loss per share (down from €1.28 profit in 3Q 2021). Revenue: €10.4b (up 29% from 3Q 2021). Net loss: €210.8m (down 183% from profit in 3Q 2021). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Nov 12
Continental Aktiengesellschaft to Report Q1, 2023 Results on May 10, 2023 Continental Aktiengesellschaft announced that they will report Q1, 2023 results on May 10, 2023 Price Target Changed • Oct 12
Price target decreased to €78.79 Down from €84.74, the current price target is an average from 19 analysts. New target price is 66% above last closing price of €47.35. Stock is down 52% over the past year. The company is forecast to post earnings per share of €4.30 for next year compared to €6.49 last year. Reported Earnings • Aug 10
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: €1.26 loss per share (down from €2.22 profit in 2Q 2021). Revenue: €9.44b (up 13% from 2Q 2021). Net loss: €250.7m (down 156% from profit in 2Q 2021). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • May 13
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: €1.23 (down from €2.23 in 1Q 2021). Revenue: €9.28b (up 8.2% from 1Q 2021). Net income: €245.4m (down 45% from 1Q 2021). Profit margin: 2.6% (down from 5.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 31%. Over the next year, revenue is forecast to grow 11%, compared to a 9.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Apr 27
Upcoming dividend of €2.20 per share Eligible shareholders must have bought the stock before 02 May 2022. Payment date: 04 May 2022. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.0%). Lower than average of industry peers (3.9%). Price Target Changed • Mar 17
Price target decreased to €96.02 Down from €103, the current price target is an average from 19 analysts. New target price is 38% above last closing price of €69.42. The company is forecast to post earnings per share of €6.60 for next year compared to €6.49 last year. Reported Earnings • Mar 11
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: €6.50 (up from €4.81 loss in FY 2020). Revenue: €33.8b (down 11% from FY 2020). Net income: €1.30b (up €2.26b from FY 2020). Profit margin: 3.8% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Over the next year, revenue is forecast to grow 9.3% compared to a 1.4% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €69.30, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Auto Components industry in Germany. Total loss to shareholders of 42% over the past three years. Executive Departure • Nov 29
CFO & Member of the Executive Board Wolfgang Schafer has left the company On the 17th of November, Wolfgang Schafer's tenure as CFO & Member of the Executive Board ended after 11.9 years in the role. As of September 2021, Wolfgang still personally held 5.56k shares (€513k worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 4.96 years. Executive Departure • Nov 29
CFO & Member of the Executive Board Wolfgang Schafer has left the company On the 17th of November, Wolfgang Schafer's tenure as CFO & Member of the Executive Board ended after 11.9 years in the role. As of September 2021, Wolfgang still personally held 5.56k shares (€513k worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 4.96 years. Executive Departure • Nov 29
CFO & Member of the Executive Board Wolfgang Schafer has left the company On the 17th of November, Wolfgang Schafer's tenure as CFO & Member of the Executive Board ended after 11.9 years in the role. As of September 2021, Wolfgang still personally held 5.56k shares (€513k worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 4.96 years. Executive Departure • Nov 29
CFO & Member of the Executive Board Wolfgang Schafer has left the company On the 17th of November, Wolfgang Schafer's tenure as CFO & Member of the Executive Board ended after 11.9 years in the role. As of September 2021, Wolfgang still personally held 5.56k shares (€513k worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 4.96 years. Executive Departure • Nov 29
CFO & Member of the Executive Board Wolfgang Schafer has left the company On the 17th of November, Wolfgang Schafer's tenure as CFO & Member of the Executive Board ended after 11.9 years in the role. As of September 2021, Wolfgang still personally held 5.56k shares (€513k worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 4.96 years. Executive Departure • Nov 29
CFO & Member of the Executive Board Wolfgang Schafer has left the company On the 17th of November, Wolfgang Schafer's tenure as CFO & Member of the Executive Board ended after 11.9 years in the role. As of September 2021, Wolfgang still personally held 5.56k shares (€513k worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 4.96 years. Executive Departure • Nov 28
CFO & Member of the Executive Board Wolfgang Schafer has left the company On the 17th of November, Wolfgang Schafer's tenure as CFO & Member of the Executive Board ended after 11.9 years in the role. As of September 2021, Wolfgang still personally held 5.56k shares (€513k worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 4.96 years. Executive Departure • Nov 28
CFO & Member of the Executive Board Wolfgang Schafer has left the company On the 17th of November, Wolfgang Schafer's tenure as CFO & Member of the Executive Board ended after 11.9 years in the role. As of September 2021, Wolfgang still personally held 5.56k shares (€513k worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 4.96 years. 
