Continental AG's revenue 1999-2023
Continental saw revenues come to around 41.4 billion euros in its 2023 fiscal year, an increase of roughly five percent compared with the previous year. Europe, where Continental mainly operates, is the most profitable market for the company.
Acquisitions and research drive revenue growth
The German automotive supplier has taken over many other companies in the automotive sector, including Siemens VDO, Emitec, and Veyance. In 2019, Continental separated its Powertrain division into its own legal entity, which also incurred expenses. The company's diversification and consolidation strategy has contributed to large current operations. Additionally, the company has among the highest R&D intensities in the world.
Summary of operations
In 1871, Continental began as a manufacturer of rubber fabrics and products in Hanover. The company developed pneumatic tires before providing other automotive parts such as interior, powertrains, and chassis. Hanover remains the center of operations, and Germany provides one in four workers for the company. Continental’s operations are split into two groups: the rubber group, responsible for pneumatic tires and conveyor belts, and the automotive group, responsible for brakes, connectivity, and engines. Both segments have been growing at similar rates. In 2014 and 2015, these two groups saw significant acquisitions, expanding Continental’s operations. Ford, BMW, Daimler, VW, and GM are among Continental's key customers.
