Continental (CON) AGM 2025 summary

Opening remarks and agenda

• The meeting was opened in person at Hannover Congress Centrum, with a welcome to shareholders, media, and former board members.

• The agenda and proposed resolutions were published on March 19, 2025, and all required notifications and disclosures were made.

• The meeting included a general debate after the Executive Board's report on the past and current financial year.

Financial performance review

• Consolidated sales in 2024 were EUR 39.7 billion, down 4% year-on-year, mainly due to weak European markets.

• Adjusted EBIT margin improved to 6.8%, with an adjusted operating result of EUR 2.7 billion, up over 6% from the prior year.

• Net income reached EUR 1.2 billion, slightly above the previous year, and adjusted free cash flow exceeded EUR 1 billion.

• Tires achieved sales of EUR 13.9 billion and an adjusted EBIT margin of 13.7%; Automotive sales were EUR 19.4 billion with a 2.3% margin; ContiTech sales declined to EUR 6.4 billion with a 6.2% margin.

• Dividend proposal of EUR 2.50 per share, a 13% increase from the previous year.

Board and executive committee updates

• Several executive changes: Olaf Schick (Finance/Controlling) to be succeeded by Roland Welzbacher; Katja Garcia Vila and Ariane Reinhart stepping down, with Ulrike Hintze joining as Director of Human Resources.

• Dr. Kevin Borck joined the Supervisory Board as a representative of senior executives.