German auto provider Continental won’t suggest any dividend for 2020 as a result of it had chalked up a web loss for the yr, it mentioned Friday.

The corporate, which is because of launch preliminary full-year outcomes on March 9, added that it remained dedicated to a mid-term dividend coverage of paying out 15-30 p.c of web revenue to shareholders.

Continental, of Hanover, Germany, ranks No. 4 on the Automotive Information record of top 100 global suppliers, with 2019 gross sales to automakers of $35.3 billion.