Results H1 2023
Continental Posts Strong Earnings in Tires and High Order Intake in Automotive
- Consolidated sales of €10.4 billion (Q2 2022: €9.4 billion, +10.4 percent)
- Adjusted EBIT of €497 million (Q2 2022: €401 million, +24.1 percent)
- Adjusted EBIT margin of 4.8 percent (Q2 2022: 4.3 percent)
- EBIT of €377 million (Q2 2022: -€165 million)
- Net income of €209 million (Q2 2022: -€251 million)
- Adjusted free cash flow of -€14 million (Q2 2022: -€687 million)
- CEO Nikolai Setzer: “Despite difficult market conditions, our Tires group sector ended the second quarter with good earnings once again”
- CFO Katja Dürrfeld: “We stabilized our adjusted free cash flow year-on-year as well as compared with the first quarter of 2023”
- High order intake in Automotive of €8.6 billion in the second quarter
- Adjusted outlook: sales in the Tires group sector of around €14.0 billion to €15.0 billion (previously: €14.5 billion to €15.5 billion); consolidated sales of around €41.5 billion to €44.5 billion (previously: €42 billion to €45 billion)
On August 9, 2023, Continental released its H1 2023 results. Katja Dürrfeld, CFO, conducted an analyst & investor conference call presenting the H1 figures.
- Press release - pdf (159KB)
- Half-Year Financial Report - pdf (1.58MB) as at June 30, 2023
- Presentation - pdf (729KB) to the analyst and investor conference call
- Webcast of analyst and investor conference call
