Source: Caijing Author: Peng Xin 2024-03-07 18:03
On March 7, Continental announced its financial data for fiscal year 2023. In fiscal year 2023, Continental achieved group sales of 41.4 billion euros (2022: 39.4 billion euros, an increase of 5.1%). Adjusted EBIT was 2.5 billion euros (2022: 1.9 billion euros, an increase of 31.6%), and the corresponding adjusted EBIT margin was 6.1% (2022: 4.9%). Net profit increased to € 1.2 billion in fiscal year 2023 (2022: € 67 million, up 1635%). Adjusted free cash flow was € 1.3 billion (2022:.
Continental's goal for fiscal year 2024 is to achieve sales and revenue growth (Group sales: about € 41 billion to € 44 billion, adjusted EBIT margin: about 6% to 7%). (Continental official micro blog)