Continental Full-Year Report 2023
- Consolidated sales of €39.4 billion (2021: €33.8 billion, +16.7 percent)
- Adjusted EBIT of €2.0 billion (2021: €1.9 billion, +5.2 percent)
- Adjusted EBIT margin of 5.0 percent (2021: 5.5 percent)
- Negative special effects of €1.0 billion
- Operating result of €755 million (2021: €1.8 billion, -59.1 percent)
- Net income of €67 million (2021: €1.4 billion, -95.4 percent)
- Adjusted free cash flow of €200 million(2021: €1.2 billion for continuing and discontinued operations)
- Dividend proposal: €1.50 per share
- CEO Nikolai Setzer: “Given the many challenges, we performed well operationally in 2022. We met our sales and earnings forecast for the Continental Group and achieved a respectable result”
- Order intake in Automotive in 2022 of more than €23 billion (+26 percent)
- Expectations for fiscal 2023: consolidated sales of around €42 billion to €45 billion; adjusted EBIT margin of around 5.5 to 6.5 percent
Despite the challenging macroeconomic environment, Continental achieved its adjusted sales and earnings target in fiscal 2022. The company’s performance was particularly impacted by the effects of the war in Ukraine, the restrictions due to the coronavirus pandemic in China, the ongoing semiconductor shortage and additional costs of around €3.3 billion resulting from price increases for raw materials, semi-finished products, energy and logistics. For the current fiscal year, the technology company expects higher sales and earnings, thanks in particular to rising production figures for passenger cars and light commercial vehicles and continued high cost discipline.
