Financing Strategy

Financing Strategy and Maturity Profile

Our financing strategy aims to support value-adding growth of the Continental Corporation while at the same time complying with an equity and liabilities structure adequate for the risks and rewards of our business.

In general, the gearing ratio should be below 40% in the coming years and 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 30%. 

In the reporting year 2020, it was 31.9% and the gearing ratio 32.7%.

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. 

The bonds issued in the second quarter of 2020 as well as the bonds issued in the previous year require repayments of €1,250.0 million in 2023, €725.0 million in 2024, €600.0 million in 2025 and €750.0 million in 2026.

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BondWKNVolume in EuroMaturity
2023A2YPE5500,000,000September 12, 2023
2023A28XTQ
750,000,000November 27, 2023
2024A28YEC
625,000,000
September 25, 2024
2025A2YPAE600,000,000June 27, 2025
2026A28XTR750,000,000August 27, 2026