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Nine of the 10 highest-volume electric vehicle manufacturers in each of the regions – Asia-Pacific, EMEA (Europe, Middle East and Africa) and the Americas – trust in tires from Continental
The Continental Executive Board has today decided to make the ContiTech group sector independent. The preparatory phase that now follows will involve analyzing and assessing the possible transaction forms for independence and drawing up a timetable for implementation. The Executive Board will decide on this in the next step.
At its meeting today, the Supervisory Board of Continental AG appointed Roland Welzbacher (55) to the Executive Board effective August 1, 2025. Welzbacher will succeed Olaf Schick, who requested the early termination of his contract in December 2024.
Continental is set to undergo its most far-reaching transformation in over 150 years. Continental CEO Nikolai Setzer reiterated this sentiment in his speech at today’s Annual Shareholders’ Meeting in Hanover. “This is what we are laying the groundwork for.” He highlighted Continental’s courage to embrace change and its ability to tackle challenges head-on, as demonstrated time and again in the company’s history. “Change is part of our identity,” he said.
Continental made a solid start to the year. As expected, its first quarter of 2025 was significantly better than its first quarter of 2024. Despite declining automotive production in Europe and North America, the Automotive group sector achieved significantly higher earnings year-on-year. Tires also recorded a strong improvement in earnings in the first quarter. ContiTech posted an adjusted operating result roughly on a par with the previous year despite weak industrial demand. Geopolitical tensions and the potential impact of trade restrictions are causing a high degree of uncertainty about global economic development in the current fiscal year.
