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Continental AG
ISIN: DE0005439004
WKN: 543900
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Continental AG · ISIN: DE0005439004 · EQS - adhoc news (40 News)
Country: Germany · Primary market: Germany · EQS NID: 2099582
12 March 2025 03:43PM

Continental AG Approves Spin-off of Automotive and Makes Decisions on Capital Resources and Future Dividend Policy


EQS-Ad-hoc: Continental AG / Key word(s): Strategic Company Decision
Continental AG Approves Spin-off of Automotive and Makes Decisions on Capital Resources and Future Dividend Policy

12-March-2025 / 15:43 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.


Hanover, Germany, March 12, 2025. In its meeting today, in which Continental AG’s Supervisory Board approved the Executive Board’s decision to proceed with the spin-off of the future Automotive Group and to finalize the related agreements, it confirmed that the future Automotive Group is to have cash funds of €1.5 billion before the spin-off is completed. The respective opportunities and risks will be clearly allocated to the two future independent companies based on their business operations.

In addition, the Supervisory Board today approved the dividend policy proposed by the Executive Board for both future groups. For Continental AG’s dividend payout ratio, the target corridor is 40% to 60% of its net income. For the future Automotive Group, the target payout ratio is between 10% and 30% of net income, provided these dividend payments are in line with sustainable, long-term business development.

 

Contact:
Person making the notification: Max Westmeyer, Head of Investor Relations


End of Inside Information

12-March-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Continental AG
Continental-Plaza 1
30175 Hannover
Germany
Phone: +49 (0)511 938-13650
Fax: +49 (0)511 938-1080
E-mail: ir@conti.de
Internet: www.Continental.com
ISIN: DE0005439004
WKN: 543900
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange; Luxembourg Stock Exchange, SIX
EQS News ID: 2099582

 
End of Announcement EQS News Service

2099582  12-March-2025 CET/CEST

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(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

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