H1 2022 Results
Despite a Turbulent Market Environment, Continental Is Optimistic for the Second Half of the Year
CFO Katja Dürrfeld: “The current headwind is rather like a hurricane, but we are optimistic for the second half of the year. We are therefore maintaining our outlook for the current fiscal year.”
- Consolidated sales of €9.4 billion (Q2 2021: €8.4 billion, +13.0 percent)
- Adjusted EBIT of €411 million (Q2 2021: €512 million, -19.8 percent)
- Adjusted EBIT margin of 4.4 percent (Q2 2021: 6.2 percent)
- Operating result of -€165 million (Q2 2021: €473 million, -134.8 percent)
- Net income of -€251 million (Q2 2021: €545 million for continuing and discontinued operations)
- Adjusted free cash flow of -€687 million (Q2 2021: €302 million for continuing and discontinued operations)
- CEO Nikolai Setzer: “We are making significant progress in the development and marketing of our technologies, with a strong order intake in Automotive. This shows that we have the right strategy and positioning.”
- CFO Katja Dürrfeld: “The current headwind is rather like a hurricane, but we are optimistic for the second half of the year. We are therefore maintaining our outlook for the current fiscal year.”
- High order volume of more than €6.0 billion in the Automotive group sector
- More than 300 original-equipment approvals for Continental tires in the electric vehicle segment
- ContiTech is expanding its industrial business in North America and Sweden
On August 9, 2022, Continental released its H1 2022 results. Katja Dürrfeld, CFO, conducted an analyst & investor conference call presenting the H1 figures.
- Press release - pdf (230KB)
- Half-Year Financial Report as at 30 June 2022 - pdf (1.21MB)
- Presentation - pdf (1.56MB)
- Webcast of analyst and investor conference call
