Continental Q1 Report 2023

• Consolidated sales of €10.3 billion (Q1 2022: €9.3 billion, +11.1 percent)
• Adjusted EBIT of €578 million (Q1 2022: €428 million, +35.0 percent)
• Adjusted EBIT margin of 5.6 percent (Q1 2022: 4.6 percent)
• EBIT of €531 million (Q1 2022: €375 million, +41.5 percent)
• Net income of €382 million (Q1 2022: €240 million, +59.6 percent)
• Adjusted free cash flow of -€949 million (Q1 2022: -€174 million)
• CEO Nikolai Setzer: “Despite adverse market and external conditions, we ended the first quarter with solid results”
• CFO Katja Dürrfeld: “We are maintaining our full-year outlook”
• Outlook for 2023 unchanged: consolidated sales of around €42 billion to €45 billion; adjusted EBIT margin of around 5.5 to 6.5 percent
• High order intake of €6.6 billion in the first quarter
• Continental receives major order in the Autonomous Mobility business area worth €1.7 billion

Continental started 2023 with solid results, in line with its expectations. The technology company anticipates a further improvement in earnings over the course of the year, in particular due to rising production figures for passenger cars and light commercial vehicles, inflation-related price adjustments and cost discipline. As a result of inflation, the company is expected to incur additional costs in 2023 of around €1.7 billion for materials, wages and salaries as well as energy and logistics. Continental is maintaining its outlook for 2023.