Financing Strategy and Maturity Profile

Our goal is to continue to keep the ratio of net indebtedness to equity (gearing ratio) below 20% in the coming years and ensure that it does not exceed 60% in general.

If justified by extraordinary financing grounds or specific market circumstances, we can rise above this maximum level under certain conditions. The equity ratio should exceed 35%.

In the year under review, the equity ratio was 43.5% and the gearing ratio 12.6%.

Maturity of Bonds and Syndicated Loans

Continental always strives for a balanced maturity profile of its liabilities in order to be able to repay the amounts due each year from free cash flow as far as possible. Other than short-term maturities, which are usually rolled on to the next year, the repayment of the bonds amounting to €750.0 million and €500.0 million due in July 2018 and February 2019 is on the agenda for 2018 and 2019.

© Continental AG

BondWKNVolume in EuroMaturity
2018A1X24V
750,000,000
July 16, 2018
2019A1Z7C3
500,000,000
February 19, 2019
2020A2DARM
600,000,000
February 5, 2020
2020A1X3B7
750,000,000
September 9, 2020