Tire business: The core Tires division landed at the upper end of the forecast range. Photo: Bloomberg
Frankfurt. The tire and plastics technology group Continental is expected to have achieved its annual targets at group level in 2025. However, things did not look rosy in the Contitech division that was to be sold due to a lack of market recovery and conversion costs, as the DAX group announced on Wednesday based on preliminary figures in Hanover. Overall, sales amounted to 19.7 billion euros, which is a decrease compared to the comparable previous year’s figure of around 20.2 billion.
The earnings margin before interest and taxes adjusted for special effects was around 10.2 percent, 1.2 percentage points lower. Both values were in the lower half of the forecast range. The share came under pressure and recently lost 2.7 percent.
At one billion euros, the adjusted cash inflow was at the upper end of the targeted range. In the Contitech plastics technology division, Conti’s revenues reached the lower end of the targeted range. However, the adjusted margin before the accounting application of spin-off rules was significantly below planning. Conti wants to sell the business completely this year and focus primarily on the lucrative tire division again. Lower Saxony will present the detailed financial figures on March 4th.