Suggestions
    Go directly to
      Graphic Ad-hoc
      Ad-hoc
      July 20, 2022

      Continental Announces Preliminary Key Figures for the Second Quarter of 2022

      Based on preliminary and unaudited data, key financial figures of the second quarter of fiscal 2022 are as follows: 

      • Consolidated sales of the Continental Group were €9.4 billion (consensus: €9.2 billion) and the adjusted EBIT margin was 4.4% (consensus: 4.2%).
      • Sales in the Automotive group sector amounted to €4.3 billion (consensus: €4.2 billion) and the adjusted EBIT margin was -2.3% (consensus: -2.3%).
      • Sales in the Tires group sector were €3.4 billion (consensus: €3.4 billion) and the adjusted EBIT margin was 13.8% (consensus: 13.6%).
      • Sales in the ContiTech group sector amounted to €1.6 billion (consensus: €1.6 billion) and the adjusted EBIT margin was 4.9% (consensus 5.7%).
      • The adjusted free cash flow for the Continental Group amounted to -€687 million (consensus: -€225 million).

      Furthermore, the company recognized in the Automotive group sector impairments for goodwill as well as for property, plant and equipment assets totaling €370 million. These non-cash impairments are mainly due to the update of accounting valuation assumptions. Higher interest rates led to a higher discounting rate (pre-tax WACC) used in the goodwill impairment test. This amounted to 12.8% at the end of the second quarter, after 10.7% on December 31, 2021.

      Related to our operations in Russia, assets worth €75 million were also subject to impairment due to the additional imposed sanctions. This is mainly attributable to the Tires group sector.

      The ContiTech group sector recognized restructuring expenses of €63 million, mainly for its Mobile Fluid Systems business area.

      The Continental Group confirms its outlook for fiscal 2022 published on May 11, 2022.

      The half-year financial report for the first half of 2022 will be published on August 9, 2022.

      “Adjusted EBIT”, “adjusted free cash flow”, and “WACC” are defined in the Glossary of Financial Terms on page 24/25 of the 2021 Annual Report, which is available at www.continental-ir.com.

      Cookie Policy

      We use cookies to provide you with the best experience on our website. Click on "Accept all" to allow all cookies or "Change cookie settings" to decide individually.

      Note: If you consent to the use of performance cookies, you also consent to the transfer of your personal data to insecure third countries (e.g. to the USA). These insecure third countries do not provide a level of data protection comparable to EU standards. In the case of certain third party providers, such as Google and Mouseflow, no other guarantees are offered to compensate for this deficit. There is therefore a risk that the transmission of your personal data may result in state authorities accessing your personal data without you having effective legal protection options.

      For more information on performance technologies and the transfer of data to third countries, please refer to the privacy policy.

      By clicking the "Accept all" button, you explicitly consent to this. Consent can be revoked at any time by changing the cookie settings. The further processing of data already collected before revocation by the third-party provider cannot be excluded.

      A cookie is a small data file that is stored on your device. We use cookies to provide basic and convenience functionalities, measure website performance and analyze user behavior on the website. 

      Required cookies are always activated because they are indispensable for the operation of the website and to store your cookie consent. Functional and performance cookies are optional. All optional cookies are deactivated by default.

      You can change your cookie settings at any time by visiting our Cookie Policy or by clearing the cache in your browser. 

      Show more Show less
      Back
      Required cookies Required

      These cookies are required to provide you with key functions.

      Functional cookies

      These cookies are used to provide certain functionalities to you.

      Performance cookies

      These cookies are used to measure website performance and user behavior. All collected data are analyzed anonymously.