Continental AG sees limited improvement to profitability this year as the parts maker pushes ahead with plans to spin off its ailing automotive unit despite the industry’s downturn.

The car-parts company’s 2024 sales fell 4.1% on year, thanks to a weak core market in Europe and a global downturn in automotive production.

Shares in Continental had slumped more than 8% by 1000 GMT to their lowest level since January, with a local trader saying the company's weak outlook for 2025 was weighing on the stock price.

We forecast low-single-digit revenue growth and a midcycle adjusted operating margin of 8%. Continental’s decades-long tier-one status and high switching costs will retain the company as the go ...

For full-year 2024, Continental’s cost-cutting efforts helped boost margins, with adjusted earnings rising 6.6% to €2.7 billion ($2.83 billion), even as sales declined 4% to €39.7 billion, in line ...

German automotive parts supplier Continental expects a weak year for the market in 2025, and has yet to assess the potential impact of new U.S. tariffs on its North American operations, it said on ...