AUMOVIO Spin-Off Success
Successfully spun off AUMOVIO with an increase in market cap by EUR 2.4 billion (15% in 7 weeks), outperforming underlying indices.
Strong Tire Business Performance
Tire business showed organic growth of 3.7%, driven by the replacement tire business in North America and APAC, with a strong price/mix contribution.
Improvement in ContiTech Earnings
ContiTech earnings significantly improved, with EBIT margin increasing from 6.1% to 8.5%, despite a slight sales decline.
Operational Cash Flow Improvement
Adjusted free cash flow increased from EUR 157 million to EUR 169 million, a EUR 12 million improvement.
Leverage Ratio on Target
Pro forma leverage ratio reduced to 2.2%, aligning with the target of around 2x.