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2022 Annual Report
Continental Group 2022
- Sales at €39.4 billion
- Adjusted EBIT margin at 5.0%
- Equity ratio at 36.2%
Continental successfully completed the spin-off of Vitesco Technologies on September 15, 2021, which resulted in the application of IFRS 5, Non-currentAssets Held for Sale and Discontinued Operations, in the comparative period. Vitesco Technologies is reported as discontinued operations in the comparative period.
Key Figures
The following table generally shows the figures for continuing operations in the reporting and comparative periods, with free cash flow (continuing and discontinued operations), net income attributable to the shareholders of the parent and earnings per share referring to continuing and discontinued operations in the comparative period.
€ millions | 2022 | 2021 | ∆ in % |
Sales | 39,408.9 | 33,765.2 | 16.7 |
EBITDA | 3,966.0 | 4,104.2 | -3.4 |
in % of sales | 10.1 | 12.2 | |
EBIT | 754.8 | 1,845.8 | -59.1 |
in % of sales | 1.9 | 5.5 | |
Net income attributable to the shareholders of the parent1 | 66.6 | 1,435.2 | -95.4 |
Basic earnings per share in €1 | 0.33 | 7.18 | -95.4 |
Diluted earnings per share in €1 | 0.33 | 7.18 | -95.4 |
Adjusted sales2 | 39,265.6 | 33,606.3 | 16.8 |
Adjusted operating result (adjusted EBIT)3 | 1,950.7 | 1,854.7 | 5.2 |
in % of adjusted sales | 5.0 | 5.5 | |
Free cash flow (continuing operations) | 90.6 | 1,070.3 | -91.5 |
Free cash flow (continuing and discontinued operations) | 90.6 | 1,372.4 | -93.4 |
Net indebtedness | 4,499.4 | 3,765.5 | 19.5 |
Gearing ratio in %1 | 32.8 | 29.7 | |
Total equity1 | 13,735.0 | 12,668.5 | 8.4 |
Equity ratio in %1 | 36.2 | 35.5 | |
Number of employees as at December 314 | 199,038 | 190,875 | 4.3 |
Dividend per share in € | 1.505 | 2.20 | |
Share price at year end6 in € | 55.98 | 93.11 | -39.9 |
Share price at year high6 in € | 99.80 | 118.53 | |
Share price at year low6 in € | 44.31 | 87.53 |
1 In the year under review, the Continental Group changed the methodology used for the recognition of uncertain tax positions. The comparative period has been adjusted accordingly. For more information, see Note 2 (General Information and Accounting Principles) of the notes to the consolidated financial statements.
2 Before changes in the scope of consolidation.
3 Before amortization of intangible assets from purchase price allocation (PPA), changes in the scope of consolidation, and special effects.
4 Excluding trainees.
5 Subject to the approval of the Annual Shareholders' Meeting on April 27, 2023.
6 All market prices are quotations of the Continental share in the Xetra system of Deutsche Börse AG. In order to improve comparability, figures prior to September 16, 2021, have been adjusted to account for the effect from the spin-off of Vitesco Technologies. Data source: Bloomberg.
Overview of the Continental Group
and 2022 Key Figures
Structure of the Continental Group in 2022
Continental Group
Sales: €39.4 billion; Employees: 199,038
Automotive | Tires | ContiTech | Contract Manufacturing |
Sales: €18.3 billion | Sales: €14.0 billion | Sales: €6.6 billion | Sales: €0.7 billion |
Employees : 97,575 | Employees : 56,987 | Employees : 41,798 | Employees : 2,192 |
As part of the new organizational structure in place since January 1, 2022, the Continental Group is divided into the group sectors Auto- motive, Tires, ContiTech and Contract Manufacturing. All key figures for the group sectors reflect this over the entire reporting period and are adjusted accordingly for the comparative period.
Key figures for the group sectors
Automotive | Tires | ContiTech | Contract Manufacturing | |||||||||
€ millions | 2022 | 2021 | ∆ in % | 2022 | 2021 | ∆ in % | 2022 | 2021 | ∆ in % | 2022 | 2021 | ∆ in % |
Sales | 18,321.6 | 15,357.4 | 19.3 | 14,005.2 | 11,807.6 | 18.6 | 6,594.3 | 5,912.6 | 11.5 | 665.6 | 889.6 | -25.2 |
EBITDA | 962.5 | 666.8 | 44.3 | 2,644.7 | 2,525.9 | 4.7 | 486.4 | 833.7 | -41.7 | 44.7 | 194.2 | -77.0 |
in % of sales | 5.3 | 4.3 | 18.9 | 21.4 | 7.4 | 14.1 | 6.7 | 21.8 | ||||
EBIT | -970.1 | -374.6 | -159.0 | 1,723.6 | 1,700.6 | 1.4 | 166.5 | 514.7 | -67.7 | 9.5 | 130.4 | -92.7 |
in % of sales | -5.3 | -2.4 | 12.3 | 14.4 | 2.5 | 8.7 | 1.4 | 14.7 | ||||
Adjusted sales1 | 18,219.6 | 15,357.4 | 18.6 | 14,005.2 | 11,807.6 | 18.6 | 6,553.0 | 5,753.7 | 13.9 | 665.6 | 889.6 | -25.2 |
Adjusted operating | ||||||||||||
result (adjusted EBIT)2 | -30.1 | -215.2 | 86.0 | 1,841.6 | 1,729.2 | 6.5 | 308.1 | 429.3 | -28.2 | 2.9 | 104.0 | -97.2 |
in % of adjusted | ||||||||||||
sales | -0.2 | -1.4 | 13.1 | 14.6 | 4.7 | 7.5 | 0.4 | 11.7 | ||||
1 Before changes in the scope of consolidation.
2 Before amortization of intangible assets from purchase price allocation (PPA), changes in the scope of consolidation, and special effects.
"Continental is strong. Even in challenging times, we strive with our products and solutions to make the world a little better - shaping tomorrow's mobility today."
Nikolai Setzer
Chairman of the Executive Board
Find out more in our online magazine:
mag.continental.com
Contents
C2 | 23 |
Management Report |
C2 | |
C3 | |
Chairman's Letter | 4 |
Members of the Executive Board | 6 |
Continental Shares and Bonds | 7 |
Corporate Governance | 10 |
Report of the Supervisory Board | 10 |
Corporate Governance Statement Pursuant | |
to Sections 289f and 315d of the German | |
Commercial Code (Handelsgesetzbuch - HGB) | 15 |
Glossary of Financial Terms | 24 |
Corporate Profile | 26 |
Structure of the Continental Group | 26 |
Strategy of the Continental Group | 29 |
Corporate Management | 32 |
Research and Development | 35 |
Sustainability and Combined | |
Non-Financial Statement | 37 |
Information on Reporting | 37 |
Sustainability Management in the | |
Continental Group | 37 |
Development of Material Topic Areas | 39 |
Information in Accordance with the | |
EU Taxonomy Regulation | 46 |
Information on the Development of Other | |
Sustainability Topic Areas | 53 |
Economic Report | 54 |
General Conditions | 54 |
Macroeconomic Development | 54 |
Development of Key Customer Sectors | |
and Sales Regions | 54 |
Development of Raw Materials Markets | 55 |
Earnings, Financial and Net Assets Position | 57 |
Earnings Position | 58 |
Financial Position | 66 |
Net Assets Position | 68 |
Development of the Group Sectors | 72 |
Automotive | 72 |
Tires | 75 |
ContiTech | 77 |
Contract Manufacturing | 79 |
Overall Statement on the | |
Business Performance and Position | |
of the Continental Group | 81 |
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Disclaimer
Continental AG published this content on 22 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2023 11:52:05 UTC.