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The cruise industry is also experiencing a shift to greater sustainability and eco-conscious travel, and technology company Continental is seeking to feed into this trend with a selection of interior concepts at this year’s Cruise Ship Interiors Design Expo Europe.
At today’s Capital Market Day in Hanover, Continental announced its strategy for increasing value creation. To achieve its mid-term targets, the company will adopt a package of cost-reduction measures. It thus aims to achieve a consolidated adjusted EBIT margin of around 8 to 11 percent in the next two to three years and then improve within this range.
At today’s meeting of the Supervisory Board of Continental AG, Prof. Wolfgang Reitzle informed members that he will be available to chair the board for a further two years. All shareholder representatives on the Supervisory Board will stand for re-election at the Annual Shareholders’ Meeting on April 26, 2024.
Continental officially opened its new corporate headquarters on December 13, 2023, at a ceremony held in Hanover, Germany. The campus on Hans-Böckler-Allee marks a further milestone for the technology company in its more than 150-year history.
Continental is implementing the global measures it announced in December to increase R&D efficiency in the Automotive group sector, affecting around 1,750 jobs worldwide
Continental achieved its financial targets in the past fiscal year, taking the DAX company a step closer to its mid-term targets as it continues to defy the challenging conditions.
Katja Garcia Vila (51), chief financial officer of Continental, has informed the company’s Supervisory Board ahead of its meeting on March 12 that she will not be seeking another term on the Executive Board after her contract expires in December 2024.
