Continental Full-Year Report 2023
Dear shareholders,
In the past fiscal year, Continental became more robust and efficient, achieving its adjusted targets for 2023. Despite continuing to face major challenges due to the geopolitical situation, additional inflation-related costs, negative exchange-rate effects and high costs for special freight, we performed well and generated solid earnings. Consistently aligning the company with our strategy is clearly paying off. Continental is well positioned for the future – as the mobility and material technology group for safe, smart and sustainable solutions.
Our results in 2023 show that we are on the right track:
- At €41.4 billion, our sales were 5.1 percent higher year-on-year. We were also able to increase our adjusted EBIT margin from 4.9 percent in the previous year to 6.1 percent.
- In the Automotive group sector, we improved by adopting and rigorously implementing the right measures, significantly increasing sales and the adjusted EBIT margin to €20.3 billion and 1.9 percent. This represents a further step toward the profitability we are striving for.
Highlights
- Sales at
- €41.4 billion
- Adjusted EBIT margin at
- 6.1%
- Equity ratio at
- 37.4%
- Automotive
- Sales: €20.3 billion Employees: 102,413
- Continental Group
- Sales: €41.4 billion; Employees: 202,763
- Tires
- Sales: €14.0 billion Employees: 56,349
- ContiTech
- Sales: €6.8 billion Employees: 41,949
- Contract Manufacturing
- Sales: €0.5 billion Employees: 1,478
