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Continental “solid” in Q1 2025

Reporting its Q1 2025 financial results, Continental says it “made a solid start to the year” with performance that was “significantly better” than its first quarter of 2024. Consolidated sales for the quarter reached €9.7 billion, down -0.8% year on year, with adjusted operating result increasing to €639 million, which corresponds to an adjusted EBIT margin of 6.6%. Net income in the first quarter was €68 million (Q1 2024: -€53 million). Adjusted free cash flow was significantly higher than in the previous year but, due to the seasonal nature of the business, was still negative at -€304 million (Q1 2024: -€1.1 billion).

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Related news:

  1. Continental: Lower income despite strong tyre business in Q1 2022
  2. Continental lifts Tires EBIT margin for 2023
  3. Taraxagum – Continental unveils brand name for dandelion tyre rubber
  4. Hoosier Racing Tire now a Continental company
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Flexibility an advantage – Continental returning to its tyre roots

During today’s 2025 Annual Shareholders’ Meeting, Continental confirmed its intention to once again become first and foremost a tyre maker. Chief Executive Officer Nikolai Setzer anticipates that this new, lightweight Continental will be a “leading provider of premium tyres.” As separate businesses, ContiTech and the freshly renamed Aumovio will respectively be “strong, independent champions.”

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Related news:

  1. Continental chooses site in Thailand for new APAC region tyre factory
  2. Continental appoints Katja Dürrfeld chief financial officer
  3. Continental to spin-off Automotive group sector
  4. Continental reducing Automotive R&D workforce
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Continental names Welzbacher CFO

From 1 October 2025, Roland Welzbacher will become Chief Financial Officer of Continental AG. He succeeds Olaf Schick, who requested the early termination of his contract in December 2024.

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Related news:

  1. ‘Integrity & Law’ function added to Continental Executive Board
  2. “Fully committed” to spin-off – Olaf Schick leaving Continental
  3. Continental’s Reitzle confirms continued Board availability
  4. Olaf Schick takes on CFO remit at Continental
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Far-reaching realignment – Continental mulls ContiTech sale

By the end of next year, ContiTech will be an independent company, and Continental will once again be primarily a tyre maker. At a meeting today, the Continental Executive Board decided in favour of the group sector’s autonomy, thereby setting in motion a preparatory phase that will involve analysing and assessing the potential forms of transaction for the business’s independence and drawing up a specific timetable for implementation.

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Related news:

  1. Continental turns 150
  2. Continental appoints Katja Dürrfeld chief financial officer
  3. Siemens Energy sale good for Conti group spin off – Analysts
  4. Dieselgate probe: Continental ends relationship with CFO Schäfer
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“Fully committed” to spin-off – Olaf Schick leaving Continental

Olaf Schick will part ways with Continental earlier than planned. A committee within the company’s Supervisory Board has agreed to the Chief Financial Officer’s request to step down on 30 September 2025. Schick will also relinquish the role of Executive Board member for Finance, Integrity and Law. He intends to return to Mercedes-Benz Group and will join its board of management on 1 October 2025.

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Related news:

  1. ‘Integrity & Law’ function added to Continental Executive Board
  2. Two independent companies – Continental evaluating Automotive spin-off
  3. Continental’s Reitzle confirms continued Board availability
  4. Olaf Schick takes on CFO remit at Continental
/by

Continental to spin-off Automotive group sector

Following a detailed evaluation, the Executive Board of Continental AG has decided to spin off its Automotive group sector business. Subject to the approval of the company’s Supervisory Board in March 2025, shareholders will vote upon the spin-off at the Continental Annual Shareholders’ Meeting scheduled for 25 April 2025. The spin-off will then likely take place by the end of 2025, with preparations for it completed by the end of the third quarter.

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Related news:

  1. Two independent companies – Continental evaluating Automotive spin-off
  2. Continental chooses site in Thailand for new APAC region tyre factory
  3. Continental reorganises top management within Tire division
  4. Continental extends & appoints
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Continental: Q2 2024 consolidated financial results

Continental AG has reported consolidated sales of €10.0 billion for Q2 2024, a 4.1% decrease year-on-year. Despite this decline in sales, adjusted EBIT rose by 40.6% to €704 million, leading to an adjusted EBIT margin of 7.0%, compared to 4.8% in Q2 2023.

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Related news:

  1. Continental: Components supply issues hit Q3 2021 sales & earnings
  2. A “good result” – Continental returns to the black in 2021
  3. Unsatisfied but optimistic: Continental announces Q2 2022 financial results
  4. Continental lifts Tires EBIT margin for 2023
/by

Two independent companies – Continental evaluating Automotive spin-off

After concluding a strategic review in response to “the increasingly dynamic markets in the automotive industry,” Continental is more closely examining the possibility of spinning off its Automotive group sector business. The Continental Executive Board has announced that the company will “conduct a further detailed evaluation” before deciding on the matter in the fourth quarter of 2024. If approved by shareholders, Continental intends to complete the spin-off by the end of 2025.

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Related news:

  1. Continental parting ways with human resources head
  2. Despite Hard 2009, Conti Looks Toward Sales Growth This Year
  3. Taraxagum – Continental unveils brand name for dandelion tyre rubber
  4. Stop the Crash – Continental partners with Global NCAP campaign
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Olaf Schick takes on CFO remit at Continental

At its meeting on 27 June, the Supervisory Board of Continental AG appointed Olaf Schick as the company’s new chief financial officer. Schick begins in this role today and will oversee Group Finance and Controlling, while maintaining responsibility for Group Law and Intellectual Property, Group Compliance, Group Internal Audit, Group Quality Management, and Group Risks and Controls. A further change sees chief executive officer Nikolai Setzer take charge of Group Information Technology.

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Related news:

  1. ‘Integrity & Law’ function added to Continental Executive Board
  2. Continental lifts Tires EBIT margin for 2023
  3. New executive VP Finance & Controlling for Continental’s Tire division
  4. Nikolai Setzer in line to take over at Continental
/by

Continental highlights innovation & growth at 2024 AGM

Chief executive officer Nikolai Setzer set the tone for Continental’s future during the 2024 Annual Shareholders’ Meeting last Friday, emphasising the company’s pivotal role in advancing mobility technology. This year’s meeting marked a return to in-person gatherings after a five-year hiatus, with a simultaneous live stream for broader accessibility.

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Related news:

  1. Enlarged Slovakia tech centre opens as Continental prepares to increase R&D headcount
  2. Continental boosting Hefei, China PCR capacity to 14 million tyres a year
  3. Tyre business drives Continental’s profits
  4. Continental marks million trip AIBA milestone
/by

Twice as many employees as desks – Continental opens new headquarters

On 13 December, Continental invited 150 local political, business and cultural representatives to celebrate the official opening of its new headquarters in Hannover, Germany. It followed this up the next day with a larger event for its workforce. Many employees had by this time thoroughly familiarised themselves with the facility, as they’d begun working there a fortnight earlier.

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Related news:

  1. HPTC opening brings Industry 4.0 to Continental’s tyre production
  2. Official opening for Continental’s Thailand tyre plant
  3. Continental turns 150
  4. Dieselgate probe: Continental ends relationship with CFO Schäfer
/by

Continental’s Reitzle confirms continued Board availability

As Tyrepress reported on 11 December, Wolfgang Reitzle no longer intends to end his tenure as chairman of the Continental AG Supervisory Board in 2024. At a Supervisory Board meeting on 13 December, he confirmed his availability to serve for an additional two years.

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Related news:

  1. Continental’s new board less of a ‘man’s world’
  2. ‘Integrity & Law’ function added to Continental Executive Board
  3. Two more years – Reitzle to stay on Continental’s Supervisory Board
  4. Continental extends & appoints
/by

Continental presents mid-term targets

Continental revealed its strategy for growth at its Capital Market Day yesterday. The company aims to enhance value creation by implementing cost reduction measures, with a goal of achieving an adjusted EBIT margin of 8-11% within 2-3 years and improving within this range thereafter. Continental also refined its sales targets and now aims for €44-48 billion in 2-3 years and €51-56 billion in 3-5 years.

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Related news:

  1. Hoosier Racing Tire now a Continental company
  2. Football: Continental signs up for 5 more years with Bundesliga club Hannover 96
  3. Continental begins equipping new Thailand tyre plant
  4. Continental lifts Tires EBIT margin for 2023
/by

Continental lifts Tires EBIT margin for 2023

Continental has published its financial results for the three months to 30 September with the comment that Q3 2023 concluded “in line with expectations.” For the Tires group sector, the expectation was thus lower sales but an improved earnings position.

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Related news:

  1. Continental: Lower income despite strong tyre business in Q1 2022
  2. A “good result” – Continental returns to the black in 2021
  3. Unsatisfied but optimistic: Continental announces Q2 2022 financial results
  4. Tyre business drives Continental’s profits
/by

Continental financial results – tyre group drives earnings, despite softening replacement sales

Continental’s half-year report shows that its Tires group sector is driving earnings, with 88 per cent of adjusted EBIT from tyre sales. “Despite difficult market conditions, our Tires group sector ended the second quarter with good earnings once again. ContiTech’s performance remained solid. Earnings in Automotive, however, fell short of expectations. Here we will need to make up considerable ground in the second half of the year. By doing so, we will also improve our consolidated margin,” commented Continental CEO Nikolai Setzer.

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Related news:

  1. A-Z investment to give Continental added tyre mould options
  2. Continental chooses site in Thailand for new APAC region tyre factory
  3. TTX: Continental named ‘Tire Manufacturer of the Year’
  4. Nikolai Setzer in line to take over at Continental
/by

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