Regulatory Filings • Sep 24, 2012
Regulatory Filings
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Corporate | 24 September 2012 10:05
Continental AG: Continental Share Listed in DAX Again from Today
Continental AG / Key word(s): Miscellaneous
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 Gress Senior Vice President of Corporate Communications Continental AG Vahrenwalder Str. 9 30165 Hanover, Germany Phone: +49 511 938-1485; Fax: -1055 E-mail: [email protected] |
Hannes Boekhoff Vice President for Media Relations Continental AG Vahrenwalder Str. 9 30165 Hanover, Germany Phone: +49 511 938-1278; Fax: -1016 E-mail: [email protected] |
Media database: www.mediacenter.continental-corporation.com
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: | [email protected] |
| 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 |
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| 186155 24.09.2012 |
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