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                Continental to Evaluate Making Automotive an Independent Company and to Prepare Spin-off

                Due to the increasingly dynamic markets in the automotive industry, the Continental Executive Board has decided, following a strategic review, to conduct a further detailed evaluation on spinning off the Automotive group sector. 

                • Executive Board to conduct further detailed evaluation on spinning off and listing Automotive group sector on stock market
                • Decision on spin-off to be made by Executive Board in fourth quarter of 2024
                • If approved by 2025 Annual Shareholders’ Meeting, spin-off would take place by end of 2025; preparations for spin-off underway
                • Aim of having two independent companies is to harness Continental’s full value potential 
                Our strategy aims to increase our value creation. This involves systematically analyzing how we can best position our group sectors for success.
                Nikolai Setzer
                CEO

                On August 5, 2024, at 03:45 pm CEST, our CEO Nikolai Setzer together with the CFO Olaf Schick and the CEO of the Group Sector Automotive Philipp von Hirschheydt were conducting an analyst and investor conference call on the evaluation making Automotive an independent company and to prepare Spin-off.