Continental

Continental AG (CON: GR) is a leading automotive technology company that offers a range of products and services, including tires, automotive components, electronics, industrial products, advanced safety systems, and mobility solutions. Founded in Germany, Continental AG is the parent company of the Continental Group and consists of 457 companies (2023). The company had ~202,000 employees and 209 production locations across 56 countries as of the end of 2023. It generated sales of EUR 41.4 billion in the financial year 2023​ (USD ~45 billion). 

The company earns revenue from four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The Automotive group sector is the highest revenue contributor, amounting to 49% of total revenue. As of March 2024, the company operated 22 tire manufacturing plants across 17 countries in Europe, the Americas, Asia, and Africa. Notably, the Automotive group sector develops active and passive vehicle safety solutions, while the Tires sector develops a range of smart tires to contribute toward its vision of crash-free driving, which the company has termed “Vision Zero.” Continental annually spends approximately 7% of revenue on R&D. 

The company's medium-term plan emphasizes improving operational efficiencies, expanding in high-growth segments, and ensuring sustainable business practices. One of its strategic focuses is on expanding its share in the growth markets of Asia and North America, particularly in segments like electric vehicle tires and ultra-high-performance tires. Its “Vision 2030” for the tire business highlights a customer-centric approach, aiming for sustainable growth and distinguishing itself with smart digital solutions and sustainability goals.