Return to Dax boosts Conti's share price by 54%

ERJ staff report (LMH)

Hanover, Germany – Automotive supplier Continental has reported the highest market capitalisation in its history, with its share price growing by 54% in the year since it returned to the German “stock exchange premier league”.

Conti, which was a founding member of the Dax stock market index, returned to the listings last September and in the last year its shares have grown to €125.55. The company said it even recorded an all-time high of €127.45.

“In the past twelve months, we have profited from good operating developments and also from the brighter outlook for Europe as reflected in trend indicators. At €25.5 billion, we even attained the highest market capitalisation in our almost 142-year company history," said Continental's CFO Wolfgang Schäfer..

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News Release from Continental