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Continental AG (CONG.DE)

CONG.DE on Xetra

127.62EUR
9:37am BST
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€3.20 (+2.57%)
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Fri, Apr 26 2019

Continental delays powertrain IPO to 2020 as profits drop 17 percent

FRANKFURT Continental AG will push back the spin-off of its powertrain division until next year, the company said on Friday, when it reported a 17 percent drop in first-quarter operating profit, hit by a downturn in car demand and higher investments.

Continental delays powertrain IPO to 2020 as profits drop 17%

FRANKFURT Continental AG will push back the spin-off of its powertrain division until next year, the company said on Friday, when it reported a 17 percent drop in first-quarter operating profit, hit by a downturn in car demand and higher investments.

UPDATE 2-Continental delays powertrain IPO to 2020 as profits drop 17 pct

* Continental postpones IPO of powertrain division until 2020 (Adds detail on outlook, context, share price)

Continental delays powertrain IPO to 2020 as profits drop 17 pct

FRANKFURT, April 26 Continental AG said on Friday it was pushing back the spin-off of its powertrain division to next year as it reported a 17 percent drop in first-quarter operating profit, hit by a downturn in car demand and higher investments.

Continental AG's full-year earnings hit by electric investments, downturn

FRANKFURT Auto supplier Continental AG's operating profit fell 12 percent last year, hit by an auto industry downturn and higher investments, but it pledged to press ahead with a listing of its powertrain business despite a subdued start to 2019.

Continental AG - autonomous driving revenues won't be significant until 2030

FRANKFURT Revenues from autonomous driving will not ramp up until 2030 and beyond, the chief executive of German auto supplier Continental AG said on Thursday.

Continental AG's full-year earnings hit by electric investments, downturn

FRANKFURT Auto supplier Continental AG's operating profit fell 12 percent last year, hit by an auto industry downturn and higher investments, but it pledged to press ahead with a listing of its powertrain business despite a subdued start to 2019.

Continental AG: autonomous driving revenues won't be significant until 2030

FRANKFURT Revenues from autonomous driving will not ramp up until 2030 and beyond, the chief executive of German auto supplier Continental AG said on Thursday.

Continental AG: autonomous driving revenues won't be significant until 2030

FRANKFURT, March 7 Revenues from autonomous driving will not ramp up until 2030 and beyond, the chief executive of German auto supplier Continental AG said on Thursday.

UPDATE 1-Continental AG's full-year earnings hit by electric investments, downturn

* Continental says business year had "subdued" start (Adds details on outlook, earnings)

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