Quarterly Report • May 6, 2025
Quarterly Report
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Following the Supervisory Board's resolution on March 12, 2025, the spin-off of the Automotive and Contract Manufacturing group sectors is scheduled to take place later this year. This has resulted in the application of IFRS 5, Non-current Assets Held for Sale and Discontinued Operations, and thus to the presentation of continuing and discontinued operations. In accordance with this standard, the Continental Group has ceased depreciation on discontinued operations, which had a positive effect totaling €55 million on the operating result in the first quarter of 2025. In this statement, the Continental Group is considered in its entirety as the sum of continuing and discontinued operations.
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.
In the first quarter of 2025, the global production of passenger cars and light commercial vehicles was slightly higher year-on-year, increasing by around 1 percent to 21.7 million units (Q1 2024: 21.4 million units). In Europe, however, automotive production declined significantly by 7 percent year-on-year to around 4.2 million units. The trend in North America was similar, with a decline of 5 percent to 3.8 million vehicles. China, by contrast, recorded an increase of more than 11 percent to 6.9 million units. Weighted for regional sales of the Automotive group sector, global automotive production was therefore down 3 percent.
In the first quarter of 2025, Continental achieved consolidated sales of €9.7 billion (Q1 2024: €9.8 billion, -0.8 percent). Its adjusted operating result increased to €639 million (Q1 2024: €201 million, +217.9 percent), corresponding to an adjusted EBIT margin of 6.6 percent (Q1 2024: 2.1 percent). The cessation of depreciation in accordance with IFRS 5 led to an improvement in the adjusted EBIT margin of around 0.6 percentage points. Net income attributable to the shareholders of the parent in the first quarter amounted to €68 million (Q1 2024: -€53 million, +227.3 percent). Adjusted free cash flow was significantly higher than in the previous year but, due to the seasonal nature of the business, was still negative at -€304 million (Q1 2024: -€1.1 billion, +72.0 percent).
In a difficult market environment, sales in the Automotive group sector fell by just 1.2 percent to €4.8 billion (Q1 2024: €4.8 billion) and thus remained largely stable. The adjusted EBIT margin increased significantly to 2.8 percent (Q1 2024: -4.0 percent). This was due in large part to the rigorous implementation of measures to reduce costs, sustained price adjustments and the cessation of depreciation in accordance with IFRS 5, which led to an improvement in the adjusted EBIT margin of around 1.2 percentage points. In the past quarter, Continental received major orders for radar sensors from North American customers with a combined volume of around €1.5 billion. In total, the Automotive group sector recorded an order intake of around €5.8 billion in the first quarter of 2025.
The Tires group sector generated sales of €3.4 billion (Q1 2024: €3.3 billion, +3.7 percent). At 13.4 percent, its adjusted EBIT margin was significantly higher than in the previous year (Q1 2024: 11.7 percent). This was primarily due to a good start to the year in the replacementtire business in all regions.
In a challenging market environment, the ContiTech group sector posted sales of €1.5 billion (Q1 2024: €1.6 billion, -6.7 percent) and an adjusted EBIT margin of 5.4 percent (Q1 2024: 5.3 percent) in the first quarter. Its earnings margin was thus on a par with the previous year despite the market situation. Continental expects earnings to improve in the course of the year due to the measures taken to reduce costs and an anticipated increase in industrial demand in the second half of 2025.
Sales in the Contract Manufacturing group sector were €50 million in the first quarter of 2025 (Q1 2024: €80 million), and the adjusted EBIT margin was 9.3 percent (Q1 2024: 1.0 percent). Here too, the cessation of depreciation in accordance with IFRS 5 had a positive effect. Without this effect, Contract Manufacturing's adjusted EBIT margin would have been around 0.9 percentage points lower.
Due to global trade barriers, Continental expects the global production of passenger cars and light commercial vehicles in 2025 to be slightly below the previous year (-3 to -1 percent), with a negative development expected in its core markets of North America (-10 to -8 percent) and Europe (-5 to -3 percent). The outlook for global vehicle production takes into account the current tense geopolitical situation, global trade barriers and their expected impact on production volumes in 2025.
However, the potential significant impact of these developments on key financial figures cannot currently be quantified and is therefore not taken into account.
The Supervisory Board's resolution on March 12, 2025, to spin off the Automotive and Contract Manufacturing group sectors has resulted in the application of IFRS 5, Non-current Assets Held for Sale and Discontinued Operations, and thus to the presentation of continuing and discontinued operations. Continental has adjusted its outlook for the current fiscal year based on the applicable regulatory requirements and taking into account the planned spin-off. Changes to key figures are due to the new structure of the forecast as a result of the realignment, but continue to refer to fiscal 2025 as a whole.
Based on the above assumptions as well as average exchange rates in the first quarter, we expect the following key figures.
The upcoming spin-off of the Automotive and Contract Manufacturing group sectors has resulted in the application of IFRS 5, Non-current Assets Held for Sale and Discontinued Operations. These parts represent discontinued operations.
The following table shows the figures for the Continental Group as a whole, consisting of continuing and discontinued operations, in the reporting and comparative periods.
| € millions | January 1 to March 31 | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Sales | 9,709 | 9,788 | |
| EBITDA | 837 | 661 | |
| in % of sales | 8.6 | 6.8 | |
| EBIT | 340 | 118 | |
| in % of sales | 3.5 | 1.2 | |
| Net income attributable to the shareholders of the parent | 68 | –53 | |
| Basic earnings per share in € | 0.34 | –0.27 | |
| Diluted earnings per share in € | 0.34 | –0.27 | |
| Research and development expenses (net) | 849 | 825 | |
| in % of sales | 8.7 | 8.4 | |
| Depreciation and amortization1 | 497 | 543 | |
| thereof impairment2 | 12 | 4 | |
| Capital expenditure3 | 386 | 432 | |
| in % of sales | 4.0 | 4.4 | |
| Operating assets as at March 31 | 19,507 | 20,163 | |
| Number of employees as at March 314 | 186,574 | 200,888 | |
| Adjusted sales5 | 9,707 | 9,763 | |
| Adjusted operating result (adjusted EBIT)6 | 639 | 201 | |
| in % of adjusted sales | 6.6 | 2.1 | |
| Free cash flow | –304 | –1,083 | |
| Net indebtedness as at March 31 | 4,058 | 5,205 | |
| Gearing ratio in % | 27.4 | 36.4 |
1 Excluding impairment on financial investments.
2 Impairment also includes necessary reversals of impairment losses.
3 Capital expenditure on property, plant and equipment, and software.
4 Excluding trainees.
5 Before changes in the scope of consolidation.
The following table shows the figures for continuing operations in the reporting and comparative periods.
| € millions | January 1 to March 31 | |
|---|---|---|
| 2025 | 2024 | |
| Sales | 4,905 | 4,899 |
| EBITDA | 689 | 639 |
| in % of sales | 14.0 | 13.0 |
| EBIT | 412 | 365 |
| in % of sales | 8.4 | 7.5 |
| Research and development expenses (net) | 145 | 136 |
| in % of sales | 3.0 | 2.8 |
| Depreciation and amortization1 | 278 | 273 |
| thereof impairment2 | — | 1 |
| Capital expenditure3 | 232 | 201 |
| in % of sales | 4.7 | 4.1 |
| Number of employees as at March 314 | 96,426 | 99,165 |
| Adjusted sales5 | 4,904 | 4,874 |
| Adjusted operating result (adjusted EBIT)6 | 497 | 398 |
| in % of adjusted sales | 10.1 | 8.2 |
| Free cash flow | –215 | –620 |
1 Excluding impairment on financial investments.
2 Impairment also includes necessary reversals of impairment losses.
3 Capital expenditure on property, plant and equipment, and software.
4 Excluding trainees.
5 Before changes in the scope of consolidation.
The upcoming spin-off of the Automotive and Contract Manufacturing group sectors has resulted in the application of IFRS 5, Non-current Assets Held for Sale and Discontinued Operations. These parts represent discontinued operations.
The tables on the key figures for the group sectors show discontinued operations for Automotive and Contract Manufacturing and continuing operations for Tires and ContiTech in the reporting and comparative periods. In preparation for the spin-off, certain business activities have been transferred from Automotive and Contract Manufacturing to the Tires and ContiTech group sectors and to the holding company. The comparative period has been adjusted accordingly.
| Automotive in € millions | January 1 to March 31 | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Sales | 4,757 | 4,813 | |
| EBITDA | 143 | 18 | |
| in % of sales | 3.0 | 0.4 | |
| EBIT | –75 | –248 | |
| in % of sales | –1.6 | –5.1 | |
| Research and development expenses (net) | 704 | 689 | |
| in % of sales | 14.8 | 14.3 | |
| Depreciation and amortization1 | 218 | 266 | |
| thereof impairment2 | 12 | 3 | |
| Capital expenditure3 | 153 | 230 | |
| in % of sales | 3.2 | 4.8 | |
| Operating assets as at March 31 | 8,434 | 9,029 | |
| Number of employees as at March 314 | 89,822 | 100,796 | |
| Adjusted sales5 | 4,757 | 4,789 | |
| Adjusted operating result (adjusted EBIT)6 | 132 | –194 | |
| in % of adjusted sales | 2.8 | –4.0 |
1 Excluding impairment on financial investments.
2 Impairment also includes necessary reversals of impairment losses.
3 Capital expenditure on property, plant and equipment, and software.
4 Excluding trainees.
5 Before changes in the scope of consolidation.
| Tires in € millions | January 1 to March 31 | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Sales | 3,412 | 3,290 | |
| EBITDA | 650 | 570 | |
| in % of sales | 19.1 | 17.3 | |
| EBIT | 449 | 374 | |
| in % of sales | 13.2 | 11.4 | |
| Research and development expenses (net) | 92 | 88 | |
| in % of sales | 2.7 | 2.7 | |
| Depreciation and amortization1 | 201 | 195 | |
| thereof impairment2 | — | 1 | |
| Capital expenditure3 | 180 | 139 | |
| in % of sales | 5.3 | 4.2 | |
| Operating assets as at March 31 | 7,717 | 7,452 | |
| Number of employees as at March 314 | 57,123 | 56,470 | |
| Adjusted sales5 | 3,412 | 3,289 | |
| Adjusted operating result (adjusted EBIT)6 | 457 | 386 | |
| in % of adjusted sales | 13.4 | 11.7 |
| ContiTech in € millions | January 1 to March 31 | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Sales | 1,537 | 1,648 | |
| EBITDA | 82 147 |
||
| in % of sales | 5.3 8.9 |
||
| EBIT | 8 72 |
||
| in % of sales | 0.5 4.4 |
||
| Research and development expenses (net) | 53 49 |
||
| in % of sales | 3.5 3.0 |
||
| Depreciation and amortization1 | 73 75 |
||
| thereof impairment2 | — — |
||
| Capital expenditure3 | 51 57 |
||
| in % of sales | 3.3 3.5 |
||
| Operating assets as at March 31 | 3,018 | 3,247 | |
| Number of employees as at March 314 | 38,384 | 41,759 | |
| Adjusted sales5 | 1,535 | 1,648 | |
| Adjusted operating result (adjusted EBIT)6 | 82 88 |
||
| in % of adjusted sales | 5.4 5.3 |
1 Excluding impairment on financial investments.
2 Impairment also includes necessary reversals of impairment losses.
3 Capital expenditure on property, plant and equipment, and software.
4 Excluding trainees.
5 Before changes in the scope of consolidation.
| Contract Manufacturing in € millions | January 1 to March 31 | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Sales | 50 | 80 | |
| EBITDA | 6 | 4 | |
| in % of sales | 12.5 | 5.5 | |
| EBIT | 5 | 1 | |
| in % of sales | 9.3 | 1.0 | |
| Research and development expenses (net) | 0 | 0 | |
| in % of sales | 0.0 | 0.0 | |
| Depreciation and amortization1 | 2 | 4 | |
| thereof impairment2 | 0 | — | |
| Capital expenditure3 | 0 | 1 | |
| in % of sales | 0.9 | 1.0 | |
| Operating assets as at March 31 | 49 | 321 | |
| Number of employees as at March 314 | 569 | 1,075 | |
| Adjusted sales5 | 50 | 80 | |
| Adjusted operating result (adjusted EBIT)6 | 5 | 1 | |
| in % of adjusted sales | 9.3 | 1.0 |
1 Excluding impairment on financial investments.
2 Impairment also includes necessary reversals of impairment losses.
3 Capital expenditure on property, plant and equipment, and software.
4 Excluding trainees.
5 Before changes in the scope of consolidation.
This quarterly statement was prepared in accordance with the accounting and measurement methods described in the IFRS® Accounting Standards (IFRS) applicable at the end of the reporting period and endorsed by the European Union.
The upcoming spin-off of the Automotive and Contract Manufacturing segments has resulted in the application of IFRS 5, Non-current Assets Held for Sale and Discontinued Operations. These parts represent discontinued operations.
The individual lines of the consolidated statement of income show the figures for continuing operations in the reporting and comparative periods. Net income comprises earnings after tax from continuing and discontinued operations.
| € millions | January 1 to March 31 | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Sales | 4,905 | 4,899 | |
| Cost of sales | –3,621 | –3,666 | |
| Gross margin on sales | 1,284 | 1,233 | |
| Research and development expenses | –149 | –142 | |
| Selling and logistics expenses | –471 | –475 | |
| Administrative expenses | –242 | –238 | |
| Other income | 81 | 60 | |
| Other expenses | –93 | –75 | |
| Income from equity-accounted investees | 1 | 1 | |
| Other income from investments | — | — | |
| EBIT | 412 | 365 | |
| Interest income | 19 | 15 | |
| Interest expense | –80 | –85 | |
| Effects from currency translation | –50 | 11 | |
| Effects from changes in the fair value of derivative instruments, and other valuation effects | 42 | –12 | |
| Financial result | –69 | –71 | |
| Earnings before tax from continuing operations | 342 | 294 | |
| Income tax expense | –136 | –81 | |
| Earnings after tax from continuing operations | 207 | 213 | |
| Earnings after tax from discontinued operations | –136 | –264 | |
| Net income | 71 | –51 | |
| Non-controlling interests | –3 | –2 | |
| Net income attributable to the shareholders of the parent | 68 | –53 | |
| Earnings per share (in €) related to | |||
| Basic earnings per share from continuing operations | 1.06 | 1.06 | |
| Consolidated basic earnings per share | 0.34 | –0.27 | |
| Diluted earnings per share from continuing operations | 1.06 | 1.06 | |
| Consolidated diluted earnings per share | 0.34 | –0.27 |
The upcoming spin-off of the Automotive and Contract Manufacturing segments has resulted in the application of IFRS 5, Non-current Assets Held for Sale and Discontinued Operations. These parts represent discontinued operations.
The individual lines of the consolidated statement of comprehensive income show the figures for the Continental Group as a whole in the reporting and comparative periods. In addition, comprehensive income is broken down into continuing and discontinued operations.
| € millions | January 1 to March 31 | |
|---|---|---|
| 2025 | 2024 | |
| Net income | 71 | –51 |
| Items that will not be reclassified to profit or loss | ||
| Remeasurement of defined benefit plans1 | 352 | 129 |
| Fair value adjustments1 | 341 | 137 |
| Currency translation1 | 11 | –8 |
| Other investments | 0 | 0 |
| Fair value adjustments1 | 0 | 1 |
| Currency translation1 | 1 | 0 |
| Tax on other comprehensive income | –96 | –40 |
| Items that may be reclassified subsequently to profit or loss | ||
| Currency translation1 | –314 | 159 |
| Effects from currency translation1 | –324 | 159 |
| Reclassification adjustments to profit or loss | 10 | 0 |
| Other comprehensive income | –58 | 248 |
| Comprehensive income | 13 | 197 |
| Attributable to non-controlling interests | 4 | 4 |
| Attributable to the shareholders of the parent | 17 | 201 |
| The share of comprehensive income attributable to the shareholders of the parent is as follows: | ||
| Continuing operations | –192 | 380 |
| Discontinued operations | 209 | –179 |
1 Including non-controlling interests.
The upcoming spin-off of the Automotive and Contract Manufacturing segments has resulted in the application of IFRS 5, Non-current Assets Held for Sale and Discontinued Operations. These parts represent discontinued operations.
The assets of discontinued operations are shown under assets held for sale in the reporting period. The liabilities of discontinued operations are shown under liabilities held for sale in the reporting period. The figures for comparative periods have not been adjusted.
| € millions | March 31, 2025 | Dec. 31, 2024 | March 31, 2024 |
|---|---|---|---|
| Goodwill | 1,013 | 3,165 | 3,195 |
| Other intangible assets | 188 | 619 | 785 |
| Property, plant and equipment | 6,390 | 11,798 | 11,700 |
| Investment property | 9 | 11 | 11 |
| Investments in equity-accounted investees | 103 | 326 | 309 |
| Other investments | 22 | 108 | 119 |
| Deferred tax assets | 767 | 2,523 | 2,599 |
| Defined benefit assets | 54 | 114 | 115 |
| Long-term derivative instruments and interest-bearing investments | 78 | 81 | 101 |
| Long-term other financial assets | 67 | 252 | 266 |
| Long-term other assets | 7 | 19 | 24 |
| Non-current assets | 8,697 | 19,016 | 19,224 |
| Inventories | 3,661 | 6,113 | 6,447 |
| Trade accounts receivable | 3,815 | 7,104 | 7,829 |
| Short-term contract assets | 34 | 128 | 116 |
| Short-term other financial assets | 70 | 128 | 123 |
| Short-term other assets | 619 | 1,077 | 1,172 |
| Income tax receivables | 163 | 285 | 381 |
| Short-term derivative instruments and interest-bearing investments | 148 | 151 | 132 |
| Cash and cash equivalents | 1,673 | 2,966 | 2,349 |
| Assets held for sale | 18,478 | — | 11 |
| Current assets | 28,661 | 17,950 | 18,560 |
| Total assets | 37,358 | 36,966 | 37,784 |
| € millions | March 31, 2025 | Dec. 31, 2024 | March 31, 2024 |
|---|---|---|---|
| Subscribed capital | 512 | 512 | 512 |
| Capital reserves | 4,156 | 4,156 | 4,156 |
| Retained earnings | 11,552 | 11,485 | 10,714 |
| Other comprehensive income | –1,853 | –1,801 | –1,505 |
| Equity attributable to the shareholders of the parent | 14,367 | 14,351 | 13,877 |
| Non-controlling interests | 433 | 447 | 436 |
| Total equity | 14,800 | 14,798 | 14,313 |
| Long-term employee benefits | 1,267 | 3,116 | 3,035 |
| Deferred tax liabilities | 84 | 97 | 90 |
| Long-term provisions for other risks and obligations | 170 | 522 | 671 |
| Long-term indebtedness | 4,001 | 4,112 | 4,609 |
| Long-term other financial liabilities | 8 | 8 | 9 |
| Long-term contract liabilities | 1 | 22 | 6 |
| Long-term other liabilities | 8 | 23 | 27 |
| Non-current liabilities | 5,539 | 7,899 | 8,446 |
| Short-term employee benefits | 795 | 1,380 | 1,623 |
| Trade accounts payable | 2,656 | 6,471 | 6,585 |
| Short-term contract liabilities | 45 | 198 | 174 |
| Income tax payables | 666 | 531 | 571 |
| Short-term provisions for other risks and obligations | 293 | 964 | 1,062 |
| Short-term indebtedness | 2,616 | 2,797 | 3,177 |
| Short-term other financial liabilities | 534 | 1,249 | 1,049 |
| Short-term other liabilities | 410 | 679 | 783 |
| Liabilities held for sale | 9,005 | — | — |
| Current liabilities | 17,020 | 14,269 | 15,025 |
| Total equity and liabilities | 37,358 | 36,966 | 37,784 |
The upcoming spin-off of the Automotive and Contract Manufacturing segments has resulted in the application of IFRS 5, Non-current Assets Held for Sale and Discontinued Operations. These parts represent discontinued operations.
The individual lines of the consolidated statement of cash flows show the figures for continuing operations in the reporting and comparative periods. In addition, the subtotals for cash flow arising from operating activities, cash flow arising from investment activities, cash flow arising from financing activities and cash flow before financing activities (free cash flow) for the Continental Group are broken down into continuing and discontinued operations. This results in greater transparency for fiscal 2025 and its comparative period compared with the last presentation of discontinued operations in accordance with IFRS 5, Non-current Assets Held for Sale and Discontinued Operations, in fiscal 2021.
| January 1 to March 31 | ||
|---|---|---|
| € millions | 2025 | 2024 |
| Earnings after tax from continuing operations | 207 | 213 |
| Income tax expense | 136 | 81 |
| Financial result | 69 | 71 |
| EBIT | 412 | 365 |
| Interest paid | –57 | –82 |
| Interest received | 21 | 18 |
| Income tax paid | –89 | –103 |
| Dividends received | 0 | 0 |
| Depreciation, amortization, impairment and reversal of impairment losses | 278 | 273 |
| Income from equity-accounted investees and other investments, incl. impairment and reversal of impairment losses | –1 | –1 |
| Gains/losses from the disposal of assets, companies and business operations | –1 | 2 |
| Changes in | ||
| inventories | –192 | –30 |
| trade accounts receivable | –268 | –266 |
| trade accounts payable | –182 | –156 |
| employee benefits and other provisions | 150 | 33 |
| other assets and liabilities1 as well as other non-cash effects | –95 | –510 |
| Cash flow arising from operating activities – continuing operations | –23 | –456 |
| Cash flow arising from operating activities – discontinued operations | 45 | –255 |
| Cash flow arising from operating activities | 22 | –712 |
| Capital expenditure on property, plant and equipment, and software | –193 | –169 |
| Capital expenditure on intangible assets from development projects and miscellaneous | –2 | 0 |
| Disposal of property, plant and equipment, and intangible assets | 3 | 1 |
| Acquisition of companies and business operations | 0 | 0 |
| Disposal of companies and business operations | 1 | 4 |
| Cash flow arising from investing activities – continuing operations | –192 | –164 |
| Cash flow arising from investing activities – discontinued operations | –134 | –207 |
| Cash flow arising from investing activities | –326 | –371 |
1 The figure for the comparative period mainly includes the cash outflow from the payment of €476 million for the shares in ContiTech AG (now operating under the name ContiTech Deutschland GmbH) acquired in 2022. The addition to plan assets in 2022, which was netted with the associated obligations to employees, was offset by a liability that was paid out in the first half of 2024 (please refer to Notes 29 and 34 to the consolidated financial statements in the 2022 annual report). As changes in employee benefits are allocated to cash flow arising from operating activities in the statement of cash flows, the payment of the liability was also allocated to this item and presented in changes to other assets and liabilities and other non-cash effects.
| January 1 to March 31 | ||
|---|---|---|
| € millions | 2025 | 2024 |
| Cash flow before financing activities (free cash flow) – continuing operations | –215 | –620 |
| Cash flow before financing activities (free cash flow) – discontinued operations | –88 | –462 |
| Cash flow before financing activities (free cash flow) | –304 | –1,083 |
| Issuance of bonds | — | — |
| Redemption of bonds | — | — |
| Repayment of lease liabilities | –55 | –52 |
| Change in other indebtedness | 337 | 597 |
| Change in derivative instruments and interest-bearing investments | –14 | –36 |
| Other cash changes | –4 | –2 |
| Dividends paid | — | — |
| Dividends paid to and cash changes from equity transactions with non-controlling interests | –2 | –1 |
| Cash flow arising from financing activities – continuing operations | 262 | 506 |
| Cash flow arising from financing activities – discontinued operations | –21 | –6 |
| Cash flow arising from financing activities | 241 | 499 |
| Change in cash and cash equivalents | –63 | –584 |
| Cash and cash equivalents at the beginning of the reporting period | 2,966 | 2,923 |
| Addition of cash and cash equivalents from the first-time consolidation of subsidiaries | 0 | — |
| Effect of exchange-rate changes on cash and cash equivalents | –52 | 9 |
| Cash and cash equivalents at the end of the reporting period | 2,851 | 2,349 |
| Less cash and cash equivalents – discontinued operations | –1,178 | — |
| Cash and cash equivalents at the end of the reporting period – continuing operations | 1,673 | 2,349 |
| Difference from | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| € millions | Subscribed capital1 |
Capital reserves |
Retained earnings |
Successive purchases2 |
remeasurement of defined benefit plans |
currency translation |
financial instruments3 |
Total | Non controlling interests |
Total |
| As at January 1, 2024 | 512 | 4,156 | 10,767 | –311 | –993 | –456 | 1 | 13,676 | 449 | 14,125 |
| Net income | — | — | –53 | — | — | — | — | –53 | 2 | –51 |
| Other comprehensive income | — | — | — | — | 91 | 164 | –2 | 254 | –6 | 248 |
| Net profit for the period | — | — | –53 | — | 91 | 164 | –2 | 201 | –4 | 197 |
| Dividends paid/resolved | — | — | — | — | — | — | — | — | –9 | –9 |
| As at March 31, 2024 | 512 | 4,156 | 10,714 | –311 | –902 | –292 | –1 | 13,877 | 436 | 14,313 |
| As at January 1, 2025 | 512 | 4,156 | 11,485 | –312 | –898 | –594 | 2 | 14,351 | 447 | 14,798 |
| Net income | — | — | 68 | — | — | — | — | 68 | 3 | 71 |
| Other comprehensive income | — | — | — | — | 258 | –307 | –1 | –51 | –7 | –58 |
| Net profit for the period | — | — | 68 | — | 258 | –307 | –1 | 17 | –4 | 13 |
| Dividends paid/resolved | — | — | — | — | — | — | — | — | –11 | –11 |
| Other changes4 | — | — | — | –1 | — | — | — | –1 | 0 | –1 |
| As at March 31, 2025 | 512 | 4,156 | 11,552 | –313 | –640 | –901 | 1 | 14,367 | 433 | 14,800 |
1 Divided into 200,005,983 (PY: 200,005,983) outstanding shares with dividend and voting rights.
2 Includes an amount of -€1 million relating to effects from the first-time consolidation of previously non-consolidated subsidiaries.
3 The change in the difference arising from financial instruments, including deferred taxes, was due to other investments of -€1 million (PY: -€2 million).
4 Other changes in non-controlling interests due to changes in the scope of consolidation and capital increases.
The upcoming spin-off of the Automotive and Contract Manufacturing segments has resulted in the application of IFRS 5, Non-current Assets Held for Sale and Discontinued Operations. These parts represent discontinued operations.
All segment reporting tables show discontinued operations for Automotive and Contract Manufacturing and continuing operations for Tires and ContiTech in the reporting and comparative periods. In preparation for the spin-off, certain business activities have been transferred from Automotive and Contract Manufacturing to the Tires and ContiTech segments and to the holding company. The comparative period has been adjusted accordingly.
| € millions | Automotive | Tires | ContiTech | Contract Manufacturing |
Other/ Holding/ Consolidation |
Continental Group |
|---|---|---|---|---|---|---|
| External sales | 4,754 | 3,396 | 1,509 | 49 | — | 9,709 |
| Intercompany sales | 3 | 16 | 28 | 0 | –46 | — |
| Sales (total) | 4,757 | 3,412 | 1,537 | 50 | –46 | 9,709 |
| EBIT (segment result) | –75 | 449 | 8 | 5 | –47 | 340 |
| in % of sales | –1.6 | 13.2 | 0.5 | 9.3 | — | 3.5 |
| Depreciation and amortization1 | 218 | 201 | 73 | 2 | 3 | 497 |
| thereof impairment2 | 12 | — | — | 0 | — | 12 |
| Capital expenditure3 | 153 | 180 | 51 | 0 | 2 | 386 |
| in % of sales | 3.2 | 5.3 | 3.3 | 0.9 | — | 4.0 |
| Operating assets as at March 31 | 8,434 | 7,717 | 3,018 | 49 | 289 | 19,507 |
| Number of employees as at March 314 | 89,822 | 57,123 | 38,384 | 569 | 676 | 186,574 |
| Adjusted sales5 | 4,757 | 3,412 | 1,535 | 50 | –46 | 9,707 |
| Adjusted operating result (adjusted EBIT)6 | 132 | 457 | 82 | 5 | –36 | 639 |
| in % of adjusted sales | 2.8 | 13.4 | 5.4 | 9.3 | — | 6.6 |
1 Excluding impairment on financial investments.
2 Impairment also includes necessary reversals of impairment losses.
3 Capital expenditure on property, plant and equipment, and software.
4 Excluding trainees.
5 Before changes in the scope of consolidation.
| € millions | Automotive | Tires | ContiTech | Contract Manufacturing |
Other/ Holding/ Consolidation |
Continental Group |
|---|---|---|---|---|---|---|
| External sales | 4,809 | 3,274 | 1,625 | 80 | — | 9,788 |
| Intercompany sales | 4 | 16 | 23 | 0 | –43 | — |
| Sales (total) | 4,813 | 3,290 | 1,648 | 80 | –43 | 9,788 |
| EBIT (segment result) | –248 | 374 | 72 | 1 | –81 | 118 |
| in % of sales | –5.1 | 11.4 | 4.4 | 1.0 | — | 1.2 |
| Depreciation and amortization1 | 266 | 195 | 75 | 4 | 3 | 543 |
| thereof impairment2 | 3 | 1 | — | — | — | 4 |
| Capital expenditure3 | 230 | 139 | 57 | 1 | 5 | 432 |
| in % of sales | 4.8 | 4.2 | 3.5 | 1.0 | — | 4.4 |
| Operating assets as at March 31 | 9,029 | 7,452 | 3,247 | 321 | 113 | 20,163 |
| Number of employees as at March 314 | 100,796 | 56,470 | 41,759 | 1,075 | 788 | 200,888 |
| Adjusted sales5 | 4,789 | 3,289 | 1,648 | 80 | –43 | 9,763 |
| Adjusted operating result (adjusted EBIT)6 | –194 | 386 | 88 | 1 | –80 | 201 |
| in % of adjusted sales | –4.0 | 11.7 | 5.3 | 1.0 | — | 2.1 |
1 Excluding impairment on financial investments.
2 Impairment also includes necessary reversals of impairment losses.
3 Capital expenditure on property, plant and equipment, and software.
4 Excluding trainees.
5 Before changes in the scope of consolidation.
6 Before amortization of intangible assets from purchase price allocation (PPA), changes in the scope of consolidation, and special effects.
| January 1 to March 31 | |||
|---|---|---|---|
| Mio € | 2025 | 2024 | |
| Consolidated sales (total) in accordance with segment reporting | 9,709 | 9,788 | |
| Sales from discontinued operations | 4,803 | 4,889 | |
| Sales from continuing operations in accordance with the consolidated statement of income | 4,905 | 4,899 | |
| Consolidated EBIT in accordance with segment reporting | 340 | 118 | |
| EBIT from discontinued operations | –72 | –247 | |
| EBIT from continuing operations in accordance with the consolidated statement of income | 412 | 365 |
| € millions | March 31, 2025 |
|---|---|
| Consolidated operating assets as at March 31 in accordance with segment reporting | 19,507 |
| Operating assets as at March 31 from discontinued operations | 8,479 |
| Operating assets as at March 31 from continuing operations | 11,027 |
| € millions | Automotive | Tires | ContiTech | Contract Manufacturing |
Other/ Holding/ Consolidation |
Continental Group |
|---|---|---|---|---|---|---|
| Sales | 4,757 | 3,412 | 1,537 | 50 | –46 | 9,709 |
| Changes in the scope of consolidation1 | — | — | –1 | — | — | –1 |
| Adjusted sales | 4,757 | 3,412 | 1,535 | 50 | –46 | 9,707 |
| EBITDA | 143 | 650 | 82 | 6 | –44 | 837 |
| Depreciation and amortization2 | –218 | –201 | –73 | –2 | –3 | –497 |
| EBIT | –75 | 449 | 8 | 5 | –47 | 340 |
| Amortization of intangible assets from purchase price allocation (PPA) |
8 | 1 | 12 | — | — | 22 |
| Changes in the scope of consolidation1 | — | 0 | 0 | — | 0 | 0 |
| Special effects | ||||||
| Impairment on goodwill | — | — | — | — | — | — |
| Impairment3 | 0 | — | — | 0 | — | 0 |
| Restructuring4 | 180 | 3 | 49 | 0 | 1 | 233 |
| Restructuring-related expenses | 7 | 1 | 1 | 0 | — | 9 |
| Severance payments | 12 | 2 | 7 | 0 | 0 | 22 |
| Gains and losses from disposals of companies and business operations |
— | — | — | — | — | — |
| Other5 | 0 | — | 6 | — | 9 | 15 |
| Adjusted operating result (adjusted EBIT) | 132 | 457 | 82 | 5 | –36 | 639 |
1 Changes in the scope of consolidation include additions and disposals as part of share and asset deals. Adjustments are made for additions in the reporting year and for disposals in the comparative period of the prior year.
2 Excluding impairment on financial investments.
3 Impairment also includes necessary reversals of impairment losses. It does not include impairment that arose in connection with a restructuring and impairment on financial investments and goodwill.
4 Includes restructuring-related impairment losses in the Automotive segment of €12 million.
5 Mainly includes expenses in connection with the planned spin-off of the Automotive and Contract Manufacturing segments and the plans to make the Original Equipment Solutions business area organizationally independent.
| € millions | Automotive | Tires | ContiTech | Contract Manufacturing |
Other/ Holding/ Consolidation |
Continental Group |
|---|---|---|---|---|---|---|
| Sales | 4,813 | 3,290 | 1,648 | 80 | –43 | 9,788 |
| Changes in the scope of consolidation1 | –24 | –1 | — | — | — | –25 |
| Adjusted sales | 4,789 | 3,289 | 1,648 | 80 | –43 | 9,763 |
| EBITDA | 18 | 570 | 147 | 4 | –78 | 661 |
| Depreciation and amortization2 | –266 | –195 | –75 | –4 | –3 | –543 |
| EBIT | –248 | 374 | 72 | 1 | –81 | 118 |
| Amortization of intangible assets from purchase price allocation (PPA) |
14 | 1 | 12 | — | — | 28 |
| Changes in the scope of consolidation1 | 4 | 0 | 1 | — | 0 | 5 |
| Special effects | ||||||
| Impairment on goodwill | — | — | — | — | — | — |
| Impairment3 | 2 | — | — | — | — | 2 |
| Restructuring4 | 24 | 1 | –4 | — | — | 20 |
| Restructuring-related expenses | 4 | 5 | 0 | — | — | 9 |
| Severance payments | 7 | 2 | 3 | 0 | 1 | 13 |
| Gains and losses from disposals of companies and business operations |
— | 3 | — | — | — | 3 |
| Other | — | — | 3 | — | — | 3 |
| Adjusted operating result (adjusted EBIT) | –194 | 386 | 88 | 1 | –80 | 201 |
1 Changes in the scope of consolidation include additions and disposals as part of share and asset deals. Adjustments are made for additions in the reporting year and for disposals in the comparative period of the prior year.
2 Excluding impairment on financial investments.
3 Impairment also includes necessary reversals of impairment losses. It does not include impairment that arose in connection with a restructuring and impairment on financial investments and goodwill.
4 Includes restructuring-related impairment losses totaling €2 million (Automotive €1 million; Tires €1 million).
Hanover, April 23, 2025
Continental Aktiengesellschaft The Executive Board
This quarterly statement has been prepared in euros. Unless otherwise stated, all amounts are shown in millions of euros (€ millions). Please note that differences may arise as a result of the use of rounded amounts and percentages.
| March 4 |
|---|
| March 4 |
| April 25 |
| May 6 |
| August 5 |
| November 6 |
| 2026 | |
|---|---|
| Annual Press Conference | March |
| Analyst and Investor Conference Call | March |
| Annual Shareholders' Meeting | April 29 |
| Quarterly Statement as at March 31, 2026 | May |
| Half-Year Financial Report as at June 30, 2026 | August |
| Quarterly Statement as at September 30, 2026 | November |
Continental Aktiengesellschaft Continental-Plaza 1 30175 Hanover, Germany Phone: +49 511 938-01 Fax: +49 511 938-81770
E-mail: [email protected] Commercial Register of the Hanover Local Court, HR B 3527
All financial reports are available online at: www.continental-ir.de
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