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Continental achieved its financial targets in the past fiscal year, taking the DAX company a step closer to its mid-term targets as it continues to defy the challenging conditions.
In the Asia-Pacific region, Continental is supplying all five highest-volume manufacturers for the first time, as already in the EMEA and The Americas regions
Continental is implementing the global measures it announced in December to increase R&D efficiency in the Automotive group sector, affecting around 1,750 jobs worldwide
At today’s meeting of the Supervisory Board of Continental AG, Prof. Wolfgang Reitzle informed members that he will be available to chair the board for a further two years. All shareholder representatives on the Supervisory Board will stand for re-election at the Annual Shareholders’ Meeting on April 26, 2024.
At today’s Capital Market Day in Hanover, Continental announced its strategy for increasing value creation. To achieve its mid-term targets, the company will adopt a package of cost-reduction measures. It thus aims to achieve a consolidated adjusted EBIT margin of around 8 to 11 percent in the next two to three years and then improve within this range.
