Continental Q1 Report 2024

After a weak first quarter in 2024, Continental expects earnings to improve as the year progresses – particularly in the second half of the year. Based on this, Continental is confirming its outlook for the full year, as already announced together with the publication of its key figures for the first quarter on April 16, 2024. All in all, Continental still anticipates consolidated sales for 2024 of around €41.0 billion to €44.0 billion and an adjusted EBIT margin of around 6.0 to 7.0 percent.

In 2024, Continental will take a further step forward. The first quarter will be its weakest this year. The three group sectors – Automotive, Tires and ContiTech – will then see improvements as the year progresses.

Highlights

• Consolidated sales of €9.8 billion (Q1 2023: €10.3 billion, -5.0 percent)
• Adjusted EBIT of €196 million (Q1 2023: €574 million, -65.8 percent)
• Adjusted EBIT margin of 2.0 percent (Q1 2023: 5.6 percent)
• Net income attributable to the shareholders of the parent was -€53 million (Q1 2023: €382 million, -113.9 percent)
• Adjusted free cash flow of -€1.1 billion (Q1 2023: -€949 million, -14.4 percent)
• Outlook for 2024 unchanged: consolidated sales of around €41.0 billion to €44.0 billion; adjusted EBIT margin of around 6.0 to 7.0 percent