Continental is looking ahead to the second half of the year with optimism and maintaining its outlook for the current fiscal year. As expected, the ongoing turbulent market environment had a noticeable impact in the second quarter of 2022, however. In particular, the geopolitical uncertainties as a result of the war against Ukraine, disrupted supply chains and massive price increases for raw materials, semi-finished products, energy and logistics, coupled with the shortage of electronic components and the consequences of the coronavirus lockdowns in China, heavily affected Continental’s results. At the same time, the technology company recorded a high order intake in the Automotive group sector of more than €6.0 billion.

Continental performed well in the first quarter of 2022 despite an increasingly turbulent market environment, reporting strong tire business. Many external factors, such as the war against Ukraine, the coronavirus pandemic, electronic component shortages and cost increases in procurement and logistics, presented major challenges.

€436 or €218 to be paid to each employee, depending on country.

Supervisory Board appoints Nikolai Setzer (49) as new Executive Board chairman effective December 1, 2020.

Sales up slightly at €44.5 billion.

Continental expects sales and earnings in 2020 to be significantly below previous year’s figures.

Spin-off with listing of powertrain business no longer to take place this year due to ongoing economic uncertainty.