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Continental ended the third quarter of 2023 in line with expectations. The technology company significantly improved the operating result in its Automotive group sector compared with the first half of the year. This was thanks to price adjustments, high cost discipline and stabilized supply chains. Furthermore, it increased its adjusted free cash flow year-on-year as well as compared with the first two quarters of 2023. This was due primarily to a reduction in inventories.
At Agritechnica 2023, Continental is presenting its broad product and service portfolio for the agricultural sector, demonstrating how innovative technology solutions support both farmers and manufacturers in overcoming the challenges of the future.
Agriculture is benefiting from digitalization, at the same time growing machine connectivity leads to increasing pressure on manufacturers – for example regarding cybersecurity
ESH Environment Operational environmental management is a fixed component of our company policy. Our corporate environmental strategy aims to continuously reduce energy and water consumption, CO 2...
Electric buses (also known as e-buses) will become an important part of the transformation of mobility and revolutionize the way in which people experience driving and riding as a passenger on buses. Continental is helping to shape the transition to environmentally friendly mobility by equipping e-buses with a range of technologies.
Largely unnoticed by the general public, an industry that is generally considered rather more traditional has reinvented itself in recent years: agriculture. The answer to the agricultural challenges caused by climate change, the growing world population and the shortage of skilled workers in industrialized countries lies in one word: digitalization. Continental is one of the driving forces behind the progress taking place on farms.
At today’s Capital Market Day in Hanover, Continental announced its strategy for increasing value creation. To achieve its mid-term targets, the company will adopt a package of cost-reduction measures. It thus aims to achieve a consolidated adjusted EBIT margin of around 8 to 11 percent in the next two to three years and then improve within this range.
Integration of Synopsys virtual electronic control unit (vECU) solutions with Continental’s cloud-based development environment (CAEdge) enables faster advancement for the Software-Defined Vehicle (SDV)
At today’s meeting of the Supervisory Board of Continental AG, Prof. Wolfgang Reitzle informed members that he will be available to chair the board for a further two years. All shareholder representatives on the Supervisory Board will stand for re-election at the Annual Shareholders’ Meeting on April 26, 2024.