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      9M 2021 Results

      • Continental accelerates market-oriented realignment in its anniversary year
      • Semiconductor shortage likely peaked in the third quarter
      • Automotive Technologies particularly affected due to high share of electronics
      • Rubber Technologies posts robust earnings thanks to replacement-tire and industrial businesses
      • Spin-off of Vitesco Technologies successfully completed
      • Consolidated sales of €8.0 billion (Q3 2020: €8.7 billion, -7.4 percent);
        organic growth of -8.5 percent
      • Adjusted EBIT of €419 million (Q3 2020: €727 million, -42.4 percent)
      • Adjusted EBIT margin of 5.2 percent (Q3 2020: 8.4 percent)
      • Net income of €309 million (Q3 2020: -€719 million, up €1.0 billion)
      • Free cash flow before acquisitions, divestments and carve-out effects for continuing and discontinued operations: €12 million (Q3 2020: €1.8 billion)
      • Outlook for fiscal 2021: consolidated sales of around €32.5 billion to €33.5 billion; adjusted EBIT margin of around 5.2 to 5.6 percent

      On November 10, 2021, Continental released its nine months 2021 results. Wolfgang Schäfer, CFO, conducted an analyst & investor conference call presenting the 9M figures.