In our press portal you can find current press releases information about fairs and events as well as studies and other publications Overview Press Contacts Find out what drives our employees and what exactly makes Continental a great employer Job Portal Application Process Contact & FAQ On these pages we present our investor related news and information Overview Contact About us Services Here you find more information about sustainability at Continental Overview Contact On these pages we present information about our products and innovations Overview Contact Since 1871 we develop pioneering technologies and services for sustainable and connected mobility of people and their goods Find out more about our company on these pages Overview Contact President of Trelleborg Printing Solutions “I am delighted that we will now be part of a large and powerful corporation,” he says “We will bring our experience and know-how to the existing team of printing experts at Surface Solutions and learn from one another Continental will gain approximately 600 employees at eight locations – in Italy (two) Japan and China – who mainly produce printing blankets for offset and digital printing Continental employs around 800 people at three sites – in Germany (two) and China – to develop and manufacture a range of products These include precision printing blankets for sheet-fed and web offset printing under the Conti-Air and Phoenix Xtra Blankets brands flexographic printing forms for direct engraving (Conti Laserline) and elastomer-coated materials for a wide range of applications in other industries Hlywiak is confident that the merger will yield positive results for all the locations of both partners and their employees Not only do the products complement each other the employees of the two companies are also united by a corporate culture of openness and respect This will result in even better products and services – at competitive conditions Please select what you would like included for printing: Copy the text below and then paste that into your favorite email application This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply Service map data © OpenStreetMap contributors EmailAn employee at a print shop checks the quality of the printing process by using a magnifying glass to verify accuracy and color.Hanover Continental has signed an agreement to acquire Trelleborg’s printing solutions business the technology company complements its surface solutions and printing technology portfolio in order to enhance its presence with industrial customers “Printing technology customers will also benefit from a broader global footprint," explained Thomas Christensen at Continental responsible for the global printing solutions business Completion of the acquisition is subject to the approval of the relevant anti-trust authorities The two parties have agreed not to disclose the purchase price Trelleborg’s printing solutions business has approximately 640 employees worldwide and a reputation for delivering high-end solutions to their customers in the printing technology industry Its product offering includes printing blankets for offset and digital printing as well as carrier sleeves for flexo printing Continental has almost 300 employees developing and manufacturing comprehensive solutions in the field of printing technology with its brands Conti-Air Phoenix Xtra Blankets for sheet-fed and web printing and Conti Laserline for flexo printing plates for direct engraving In the second quarter of 2023, Continental achieved consolidated sales of €10.4 billion (Q2 2022: €9.4 billion, +10.4 percent). Its adjusted operating result (adjusted EBIT) was €497 million (Q2 2022: €401 million, +24.1 percent), corresponding to an adjusted EBIT margin of 4.8 percent (Q2 2022: 4.3 percent). Net income in the second quarter amounted to €209 million (Q2 2022: -€251 million). Adjusted free cash flow was -€14 million (Q2 2022: -€687 million). “We stabilized our adjusted free cash flow year-on-year as well as compared with the first quarter of 2023. As announced, we made initial progress with our inventories, which we will need to reduce further. The same applies to our receivables, which remain high and are also having a negative effect on our free cash flow,” said Continental CFO Katja Dürrfeld. Adjustment of market outlook and forecast for fiscal 2023 For the current fiscal year, Continental expects the production of passenger cars and light commercial vehicles to increase by 3 to 5 percent year-on-year (previously: 2 to 4 percent). For the global tire-replacement business, the technology company expects sales volumes to develop by -2 to 0 percent (previously: 1 to 3 percent). Continental also continues to expect significantly higher costs for materials, wages and salaries as well as energy and logistics in fiscal 2023. These are expected to impact earnings by around €1.4 billion (previously: €1.7 billion). According to preliminary figures, the global production of passenger cars and light commercial vehicles amounted to almost 22 million units in the second quarter of 2023, representing an increase of around 16 percent compared with the relatively weak prior-year quarter (Q2 2022: 19.0 million units). Vehicle production in Europe grew to around 4.4 million units in the months of April, May and June 2023 (+15 percent). North America also recorded an increase of around 15 percent to around 4.1 million units. China recorded a substantial year-on-year rise of 20 percent to around 6.6 million units. EmailAutomotive improves sales and earnings year-on-year sales increased by 19.0 percent to €5.1 billion (Q2 2022: €4.3 billion) With its sales growing organically by 20.1 percent before exchange-rate effects and changes in the scope of consolidation and global automotive production rising by around 16 percent the group sector again outperformed the market The adjusted EBIT margin improved from -2.5 percent in the second quarter of 2022 to -0.6 percent Compared with the first three months of 2023 earnings were burdened by substantial negative effects from currency translation and continuing costs for special freight Owing to the expected additional inflation-related costs of around €1 billion in 2023 in Automotive alone price agreements still need to be negotiated in partnership with customers Further negotiations were successfully concluded in July of this year Continental also achieved high order intake in the Automotive group sector of around €8.6 billion in the second quarter of 2023 The order from the exclusive partnership with Aurora which the Autonomous Mobility business area announced in April Continental and Aurora will bring autonomous trucking systems to the mass market – starting with the USA in 2027 This business alone will generate order intake of around €4.8 billion for Continental The Tires group sector had another strong quarter Despite declining volumes in the tire-replacement business it increased its sales to €3.5 billion (Q2 2022: €3.4 billion Its adjusted EBIT margin was 13.7 percent (Q2 2022: 13.8 percent) This was attributable to the stable price situation and the group sector’s continued high share of premium tires Continental also became the first manufacturer to launch a production tire with a high share of sustainable materials – the UltraContact NXT recycled and mass balance certified materials it combines a high share of sustainable materials with maximum safety and performance It also has the highest possible rating (“A”) of the EU tire label in terms of rolling resistance The UltraContact NXT has been available to tire dealers in Europe since July 2023 The ContiTech group sector delivered solid second-quarter results posting sales of €1.7 billion (Q2 2022: €1.6 billion, +8.0 percent) and an adjusted EBIT margin of 6.4 percent (Q2 2022: 4.9 percent) ContiTech thus improved its sales and earnings year-on-year thanks in particular to inflation-related price adjustments and positive developments in a number of industrial areas The industrial and replacement business developed positively particularly in the area of conveyor belts and air spring systems as well as industrial hoses ContiTech also strengthened its industrial business in the second quarter with Continental fully acquiring the printing technology business of Trelleborg This strategic step expands the technology company’s range of surface solutions in the field of printing technology at the same time as boosting its business with industrial clients. As a result of the acquisition Continental will gain around 600 employees at eight locations – in Italy (Lodi Vecchio and Dresano) The strategic realignment of ContiTech launched in May 2023 aims to enhance the group sector’s impact and efficiency improve customer and market proximity and further expand its industrial business Overview of all available materials: Results H1 | 2023