on Continental AG (isin : DE0005439004)
Continental Reports Solid Start in Q1 2025
Continental AG stated a solid start to 2025 with consolidated sales at €9.7 billion, slightly down by 0.8% from Q1 2024. Adjusted EBIT increased to €639 million, reflecting an EBIT margin of 6.6%. Without applying IFRS 5, EBIT would stand at €586 million. Net income rose to €68 million compared to a loss of €53 million in Q1 2024.
CEO Nikolai Setzer expressed confidence in meeting annual targets despite geopolitical uncertainties impacting global economic development. CFO Olaf Schick noted that efficiency measures are paying off.
Automotive sales fell slightly amidst declining production in Europe and North America, but order intake was strong at €5.8 billion. Tires and ContiTech showed robust improvements with ContiTech maintaining prior-year earnings amid weak demand.
R. H.
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