German automotive supplier Continental AG (CTTAY.PK) reported that its fiscal 2012 net income attributable to shareholders increased to 1.88 billion euros from 1.24 billion euros in the previous year. On a per share basis, earnings were 9.42 euros, up from 6.21 euros in the prior year.
Annual Sales rose to 32.74 billion euros from 30.50 billion euros last year.
The company said that at the annual shareholders' meeting on May 15, 2013, the Executive Board will propose payment of a dividend in the amount of 2.25 per share euros.
"At the end of 2012, net indebtedness amounted to EUR5.3 billion, well below the targeted level of less than EUR6.5 billion. 'Thanks to a very positive development in uncommitted funds, we undercut our indebtedness target by more than a billion euros. As a result, the gearing ratio fell to 58.2%, which was below our medium-range target of 60%. In 2013 we intend to further reduce our net indebtedness and keep the gearing ratio below 60% despite the negative effects of changes in accounting regulations," said Continental's CEO Elmar Degenhart.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.