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 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. |
| 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
