Continental AG sees net debt stable amid weak FCF

Newswire

FRANKFURT, Feb 23 (Reuters) - Heavily indebted German auto parts supplier Continental AG expects it will not be able to significantly reduce its net debt in the current year. "Increasing investments, a further rise in working capital thanks to an upturn in sales and the cash outflows for the restructuring measures initiated in 2009 will significantly limit free cash flow in 2010," the company said on Tuesday. "After repayment with the cash from the capital increase, net indebtedness is ...

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