Results Q1 2023

CFO Katja Dürrfeld: „We are maintaining our full-year outlook“

• Consolidated sales of €10.3 billion (Q1 2022: €9.3 billion, +11.1 percent)
• Adjusted EBIT of €578 million (Q1 2022: €428 million, +35.0 percent)
• Adjusted EBIT margin of 5.6 percent (Q1 2022: 4.6 percent)
• EBIT of €531 million (Q1 2022: €375 million, +41.5 percent)
• Net income of €382 million (Q1 2022: €240 million, +59.6 percent)
• Adjusted free cash flow of -€949 million (Q1 2022: -€174 million)
• CEO Nikolai Setzer: “Despite adverse market and external conditions, we ended the first quarter with solid results”
• CFO Katja Dürrfeld: “We are maintaining our full-year outlook”
• Outlook for 2023 unchanged: consolidated sales of around €42 billion to €45 billion; adjusted EBIT margin of around 5.5 to 6.5 percent
• High order intake of €6.6 billion in the first quarter
• Continental receives major order in the Autonomous Mobility business area worth €1.7 billion

On May 10, 2023, Continental released its Q1 2023 results. Katja Dürrfeld, CFO, conducted an analyst & investor conference call presenting the Q1 figures. 

• 8:30 am CEST Press release - pdf (165KB)
• 8:30 am CEST Quarterly Statement - pdf (231KB) as at March 31, 2023
• 8:30 am CEST Presentation - pdf (721KB) to the analyst and investor conference call, which starts at 3:00 pm CEST
• 3:00 pm CEST Webcast of analyst and investor conference call