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              Results H1 2024

              Continental Significantly Increases Earnings in Second Quarter

              As announced, we improved in all group sectors compared with the first quarter. In the current challenging market environment, the improvements in earnings are mainly due to the measures we have taken in the group sectors.
              Nikolai Setzer
              CEO
              • Consolidated sales of €10.0 billion (Q2 2023: €10.4 billion, -4.1 percent) 
              • Adjusted EBIT of €704 million (Q2 2023: €501 million, +40.6 percent)
              • Adjusted EBIT margin of 7.0 percent (Q2 2023: 4.8 percent)
              • Net income of €305 million (Q2 2023: €209 million, +46.2 percent)
              • Adjusted free cash flow of €147 million (Q2 2023: -€14 million)
              • CEO Nikolai Setzer: “As announced, we improved in all group sectors compared with the first quarter. In the current challenging market environment, the improvements in earnings are mainly due to the measures we have taken in the group sectors”
              • CFO Olaf Schick: “We will not let up in the second half of the year and will continue to work hard to achieve the financial targets we have set ourselves”
              • Continental adjusts outlook due in large part to lower expected production of passenger cars and light commercial vehicles

              On August 7, 2024 Continental released its H1 2024 results. Our CEO Nikolai Setzer and our CFO Olaf Schick conducted an analyst and investor conference call presenting the H1 2024 results. 

               

              Continental CFO Olaf Schick
              © Continental AG

              Continental ended the second quarter of 2024 in line with its expectations. As announced, the company significantly increased earnings in all three group sectors compared with the first quarter of this year. The technology company also posted much stronger earnings year-on-year. In the Automotive group sector, price adjustments and initial savings from cost-cutting measures had a particularly positive effect. The Tires group sector achieved good results thanks mainly to the strong tire-replacement business, especially in Europe. In a weak industrial market environment, ContiTech also benefited from price adjustments and strict cost discipline. Furthermore, Continental has adjusted its outlook due in large part to lower expected production of passenger cars and light commercial vehicles.