Continental expects improved profit margins and sells its operations in Russia.

With higher-than-expected consolidated revenues of 42–45 billion euros, up from 39.4 billion last year, the business predicted a 5.5–6.5% margin for this year. It had released early findings in January and stated that its 2022 margin was at the lower end of its estimate at 5%. The cost of materials, energy, logistics, labour, and salaries grew in 2022, resulting in an increase of 3.3 billion euros in costs, and this year, it is forecasting an increase of 1.7 billion. Net income decreased from EUR 1.4 billion to EUR 67 million.