Preliminary Full Year 2023 Results | Continental

We achieved our goals for 2023 and made improvements toward achieving our mid-term targets, despite the challenging conditions. For this, my special thanks go to our around 200,000 employees worldwide.

Nikolai Setzer
CEO

Consolidated sales of €41.4 billion (2022: €39.4 billion, +5.1 percent)
Adjusted EBIT of €2.5 billion (2022: €1.9 billion, +31.6 percent)
Adjusted EBIT margin of 6.1 percent (2022: 4.9 percent)
Net income of €1.2 billion (2022: €67 million, +1,635 percent)
Adjusted free cash flow of €1.3 billion (2022: €200 million, +547 percent)
CEO Nikolai Setzer: “We achieved our goals for 2023 and made improvements toward achieving our mid-term targets, despite the challenging conditions. For this, my special thanks go to our around 200,000 employees worldwide”
CFO Katja Garcia Vila: “We significantly increased our adjusted free cash flow thanks to an improvement in operating earnings and a reduction in inventories and receivables”
Automotive improves: adjusted EBIT margin of 1.9 percent; order intake of around €27.1 billion
Tires delivers stable profitability: adjusted EBIT margin of 13.5 percent
ContiTech stronger: adjusted EBIT margin of 6.7 percent
Expectations for fiscal 2024: consolidated sales of around €41.0 billion to €44.0 billion; adjusted EBIT margin of around 6.0 to 7.0 percent
Dividend proposal of €2.20 per share

On March 7, 2024, at 7:30 am CET, Continental released its preliminary full year 2023 results. Our CEO Nikolai Setzer and our CFO Katja Garcia Vila conducted an analyst and investor conference call presenting the preliminary full year figures.