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      Q1 2022 Results

      Continental Reports Strong Tire Business in the First Quarter

      CFO Katja Dürrfeld: “Adjusted free cash flow in the first quarter of this year was negative due primarily to higher procurement costs and inventory buildup. For the year as a whole, we anticipate an adjusted free cash flow of around €0.6 billion to €1.0 billion.”

      • Consolidated sales of €9.3 billion (Q1 2021: €8.6 billion, +8.2 percent)
      • Adjusted EBIT of €439 million (Q1 2021: €728 million, -39.8 percent)
      • Adjusted EBIT margin of 4.7 percent (Q1 2021: 8.5 percent)
      • Operating result of €375 million (Q1 2021: €663 million, -43.4 percent)
      • Net income of €245 million (Q1 2021: €448 million for continuing and discontinued operations)
      • Free cash flow before acquisitions and divestments (adjusted free cash flow)
        of -€174 million  (Q1 2021: €646 million for continuing and discontinued operations)
      • CEO Nikolai Setzer: “Price increases in procurement and logistics affected us significantly in the first quarter. Despite this considerable headwind, we achieved a good result in the tire business.”
      • Expectations for fiscal 2022: consolidated sales of around €38.3 billion to €40.1 billion; adjusted EBIT margin of around 4.7 to 5.7 percent
      • Recycling of scrap tires to be further optimized and expanded

      On May 11, 2022, Continental released its Q1 2022 results. Katja Dürrfeld, CFO, conducted an analyst & investor conference call presenting the Q1 figures. 

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