Company Overview of Continental Aktiengesellschaft
Continental Aktiengesellschaft provides products and services primarily for the automotive industry worldwide. The company’s Chassis & Safety division offers electronic and hydraulic brake systems, passive safety and sensorics, driver assistance systems, chassis components, and software solutions. Its Powertrain division offers gasoline and diesel systems; turbo chargers; engine management and transmission control systems, such as sensors and actuators; exhaust after treatment and fuel supply systems; and systems and components for hybrid and electric drives. The company’s Interior division provides individual components, integrated systems, and electronics for cockpit modules; infotainment ...
Vahrenwalder Strasse 9
Founded in 1871
Key Executives for Continental Aktiengesellschaft
Chairman of the Executive Board and Chief Executive Officer
Total Annual Compensation: $2.5M
Member of Executive Board, Chief Executive Officer of China and President of China
Total Annual Compensation: $1.5M
Member of Executive Board and President of the Chassis & Safety Division
Total Annual Compensation: $1.5M
Director of Labour Relations and Member of Executive Board
Total Annual Compensation: $366.0K
Member of The Executive Board
Total Annual Compensation: $1.8M
Compensation as of Fiscal Year 2014.
Continental Aktiengesellschaft Key Developments
Continental AG Introduces New Instrument Solution for Agricultural Machinery
Nov 26 15
Continental AG has introduced MultiViu High terminal, a new instrument solution for agricultural machinery. At Agritechnica, the international supplier to the automotive industry will be presenting its new, fully-programmable MultiViu High terminal for the first time and also demonstrating its MultiViu Professional12 instrument cluster. Both of these products further the trend toward networked vehicles which relieve the burden on the driver through the clear presentation of the available information. Visitors can also see a new onboard telematics unit that transmits information from and to the vehicle and acts as the central interface. With the new fully-programmable MultiViu High terminal from Continental, farmers can monitor and control all the functions of their vehicles and machinery. What is more, the high-resolution 12.1-inch touchscreen display presents additional information such as geodata or camera data and allows the driver to operate the air conditioning and media outputs efficiently and easily. It is also possible to define driver-specific authorizations and various driving modes. MultiViu High therefore optimizes everyday work from maneuvering through to precision farming, that is to say the targeted exploitation of cultivable agricultural areas, and relieves the burden on the driver through the clear presentation of information in a three-part menu structure. It is easy to operate, can be adapted to individual customer requirements and is suitable for connection to the ISOBUS system. The control unit has been specially designed for use in agricultural conditions and is well protected against dust and dirt. The innovative MultiViu Professional12 instrument cluster is a member of the same product family. The high-resolution display and sophisticated software programs permit the fast, efficient implementation of a modern, ergonomic human-machine interface which prepares all the data relating to the agricultural equipment in a way that is clear to the driver at a glance - in the form of animated texts, scales, bar charts and symbols. The display can be switched over to video images either automatically or on demand. The fully programmable instrument cluster possesses a high-resolution 12.3-inch color TFT display, a real-time 2D graphic display and a video display. It also possesses interfaces for CAN, audio, video Ethernet, and configurable inputs/outputs to make it possible to process information from other vehicle components. With its new onboard telematics unit, Continental has provided a central interface that also connects to the instrumentation. Connected to the agricultural machinery's CAN bus, it transfers data from and to the vehicle and thus makes a wide range of data-driven applications possible, for example during harvesting. In this way, this innovation from Continental helps farmers save time and work more efficiently. It also helps when leasing agricultural machinery because data on the duration and place of use are saved for billing purposes.
Continental to Invest HUF 5.1 Billion in Hungary, Creating Almost 700 Jobs
Nov 10 15
Continental is investing HUF 5.1 billion in Hungary, which the government is supporting with a HUF 1.7 billion grant. The investment will create 681 jobs, including 665 at the company's base in Nyiregyhaza and the rest in Mako (SE Hungary). Continental will install new production lines, adding heating and cooling tubing to the palette and expanding shock absorber capacity. It will also renovate a 4,000 sqm production hall and build more warehouse space. The project will be completed in one-and-a-half to two years, said Laszlo Jokay, managing director of the plant in Nyiregyhaza.
Continental Aktiengesellschaft Reports Earnings Results for the Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Full Year 2015
Nov 9 15
Continental Aktiengesellschaft reported earnings results for the nine months ended September 30, 2015. For the period, net income attributable to the shareholders of the parent grew by 15.9% to EUR 2.1 billion. Accordingly, earnings per share rose to EUR 10.42 after EUR 8.99 in the same period of the previous year. EBIT increased by 30.6% year-on-year to EUR 3.2 billion. This equates to an EBIT margin of 10.9% after 9.6% in the previous year. Adjusted EBIT climbed by 15.6% compared to the same period of 2014 to EUR 3.4 billion. The adjusted EBIT margin was 12.0% after 11.4% in the previous year. Free cash flow before acquisitions saw a significant year-on-year increase of EUR 473 million to more than EUR 1.5 billion. Despite cash outflows totaling EUR 1.2 billion for acquisitions, primarily those of Veyance Technologies and Elektrobit Automotive, free cash flow amounted to EUR 316 million after the first nine months of 2015. The company invested EUR 1.3 billion in property, plant and equipment, and software.
The company provided earnings guidance for the full year 2015. For the year, the company confirmed sales projection for 2015 of more than EUR 39 billion. Forecast for adjusted EBIT margin raised to more than 11%, the company had previously anticipated around 11%. Based on the positive business performance, the company is also raising its outlook for free cash flow before acquisitions from its previous level of at least EUR 1.8 billion to more than EUR 2 billion.
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