Continental to Prepare Automotive Division for Possible Spin-Off

Background

Continental AG's Automotive group sector has operated as a consolidated legal entity since 2022. The company is now considering a full spin-off of the division and listing it on the stock market.

Executive Board Evaluation

The Executive Board of Continental has initiated a detailed evaluation to assess the feasibility of spinning off the Automotive group sector. The evaluation will consider various factors, including market conditions, competitive landscape, and potential growth opportunities.

Market Dynamics

The automotive industry is undergoing significant transformation, driven by factors such as electrification, autonomous driving, and connectivity. Continental's evaluation will consider the evolving market dynamics and the potential impact on the Automotive group sector as an independent company.

Competitive Landscape

The Automotive group sector operates in a highly competitive market. The evaluation will assess the competitive landscape and identify potential advantages or challenges for the sector as a standalone entity.

Growth Opportunities

As an independent company, the Automotive group sector could explore new growth opportunities and pursue strategic investments. The evaluation will evaluate the potential for growth in key areas such as software development, mobility solutions, and advanced driver assistance systems.

Decision Timeline

The Executive Board's decision on the spin-off is expected to be made in the coming months. If the spin-off is approved, Continental will initiate the necessary preparations to list the Automotive group sector on the stock market.