DGAP-News: Continental AG: Continental Share Listed in DAX Again from Today
(firmenpresse) - DGAP-News: Continental AG / Key word(s): Miscellaneous
Continental AG: Continental Share Listed in DAX Again from Today
24.09.2012 / 10:05
---------------------------------------------------------------------
- Share price increases by more than 70% since beginning of the year
Hanover, September 24, 2012. Since the start of trading today, the
Continental AG share has been listed in the top Deutsche Börse segment
again, having returned to the category of the most valuable listed
companies in Germany after a good four years. The international automotive
supplier is the first company to succeed in being promoted back to the top
stock exchange category in Germany for the second time. In 2003, after a
15-year abstinence, the founding member of the DAX had returned to it for
the first time when the company's strategic realignment as an international
automotive supplier began to bear fruit.
From the beginning of 2009, Continental was listed in the MDAX, partly
because the volume of freely tradable shares at that time, amounting to
just over 10%, was no longer sufficient to fulfill the necessary criteria
for membership in the DAX with regard to market capitalization and trading
volume. Since the end of 2008, its market capitalization has risen from
EUR4.6 billion to more than EUR16.8 billion. Over the past twelve months,
the trading volume that is relevant to index selection amounted to over
EUR9 billion on average. The criteria for membership in the DAX were thus
clearly fulfilled.
The international automotive supplier's share price has risen by more than
70% since the beginning of the year to EUR83.61. Equity analysts anticipate
an average target price of EUR90 for the Continental share, and at the high
end as much as EUR126.
With sales of EUR30.5 billion in 2011, Continental is among the leading
automotive suppliers worldwide. As a supplier of brake systems, systems and
components for powertrains and chassis, instrumentation, infotainment
solutions, vehicle electronics, tires, and technical elastomers,
Continental contributes to enhanced driving safety and global climate
protection. Continental is also an expert partner in networked automobile
communication. Continental currently has approximately 169,000 employees in
46 countries.
Dr. Felix GressMedia database: www.mediacenter.continental-corporation.com
Senior Vice Hannes Boekhoff
Vice President for
Presidentof Corporate Media Relations
Continental
Communications
Continental AG
Vahrenwalder Str. 9
30165 Hanover,
AG
Vahrenwalder Str. 9
30165 Hanover, Germany
Phone: +49 511 938-1278; Fax:
Germany
Phone: +49 511 938-1485; Fax: -1016
E-mail: corporate-media-
-1055
E-mail: prkonzern(at)conti.de relations(at)conti.de
Financial reports: www.continental-ir.de
End of Corporate News
---------------------------------------------------------------------
24.09.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Continental AG
Vahrenwalder Straße 9
30165 Hannover
Germany
Phone: +49 (0)511 938-1068
Fax: +49 (0)511 938-1080
E-mail: ir(at)conti.de
Internet: www.conti.de
ISIN: DE0005439004
WKN: 543900
Indices: DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg,
Hannover, Stuttgart; Freiverkehr in Berlin, Düsseldorf,
München; Terminbörse EUREX; Luxembourg, SIX
End of News DGAP News-Service
---------------------------------------------------------------------
186155 24.09.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 24.09.2012 - 10:05 Uhr
Sprache: Deutsch
News-ID 185849
Anzahl Zeichen: 5258
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 203 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Continental AG: Continental Share Listed in DAX Again from Today"
steht unter der journalistisch-redaktionellen Verantwortung von
Continental AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
