Continental Q3 Report 2022
- Consolidated sales of €10.4 billion (Q3 2021: €8.0 billion, +29.3 percent)
- Adjusted EBIT of €605 million (Q3 2021: €412 million, +46.7 percent)
- Adjusted EBIT margin of 5.8 percent (Q3 2021: 5.2 percent)
- Operating result of €12 million (Q3 2021: €419 million)
- Net income of -€211 million (Q3 2021: €309 million from continuing and discontinued operations)
- Adjusted free cash flow of -€496 million (Q3 2021: -€8 million from continuing and discontinued operations)
- CEO Nikolai Setzer: “Over the past quarter, we managed to significantly improve our adjusted operating result in the Automotive group sector. Our order intake also remains high.”
- Expectations for fiscal 2022 unchanged: consolidated sales of around €38.3 billion to €40.1 billion; adjusted EBIT margin of around 4.7 to 5.7 percent
- Continental received major order for ultra-modern brake system worth around €1.5 billion in the third quarter
- Order intake in Automotive of around €18 billion after nine months (after nine months in 2021: around €13 billion, +37.9 percent)
Margin increase in the Automotive group sector in the third quarter
In addition to the measures mentioned above and in particular the price agreements reached in partnership with customers, the rise in automotive production had a positive impact on the Automotive group sector, which posted a substantial sales increase of 42.1 percent to €4.9 billion (Q3 2021: €3.5 billion). With its sales growing organically by 34.0 percent before exchange-rate effects and changes in the scope of consolidation and global automotive production rising by 27.5 percent, the group sector significantly outperformed the vehicle market. At 2.7 percent, the adjusted EBIT margin was considerably higher than in the first and second quarters of this year and was also up year-on-year (Q3 2021: -2.3 percent).
