EarningsQ2 2026 Earnings Report
DE:CONA Q2 2026 EPS Results
Actual EPS€0.12
Consensus EPS€0.15
Beat/MissMissed by -€0.02
One Year Ago EPS€0.20
DE:CONA Q2 2026 Revenue Results
Actual Revenue€3.44B
Expected Revenue€4.48B
Beat/MissMissed by -€1.04B
YoY Revenue Growth-29.87%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeBefore Open
Conference CallTuesday, August 4, 2026
DE:CONA Upcoming Earnings
Continental AG's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:CONA Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of strong operational and financial achievements—most notably improved margins, a significant free cash flow recovery, a clear strategic milestone with the ContiTech sale and concrete plans for shareholder returns—while also acknowledging ongoing demand weakness, volume headwinds and an expected raw-material cost reversal in H2. Management confirmed guidance for continuing operations but took a deliberately conservative outlook for H2 and reiterated the need for deleveraging after the ContiTech closing. Overall the company appears to be executing its strategic plan and improving profitability, but near-term market and cost risks remain.Company Guidance
ContiTech transaction and planned uses of proceeds
Signed sale of ContiTech for an enterprise value of EUR 4.0 billion plus up to EUR 250 million performance component; expected net cash proceeds at closing ~EUR 3.1 billion. Intention to use ~EUR 2.5 billion for shareholder returns (special dividend and/or buybacks) and ~EUR 600 million for deleveraging; supports midterm leverage target below 1.0x by 2029.
Improved group profitability
Group adjusted EBIT increased to EUR 570 million in Q2, delivering an adjusted EBIT margin of 12.9% versus 9.6% prior-year (improvement of ~3.3 percentage points), supported by Tires performance and a diesel settlement contribution.
Significant free cash flow recovery
Adjusted free cash flow improved to EUR 216 million in Q2 2026 (from EUR -46 million in Q2 2025), an improvement of roughly EUR 250–262 million year-on-year, driven by better profitability, favorable working capital development and H2-weighted CapEx timing.
Strong Tires operational performance and margins
Tires group delivered organic growth of +0.3%, sales broadly stable at EUR 3.3 billion; adjusted EBIT for Tires rose to EUR 510 million with a margin of 15.3% (outperforming quarter and slightly outside full-year guidance corridor). Price/mix was +2.6% while volumes were down -2.3%, with increased Ultra-High-Performance (UHP) volumes.
UHP mix and product strength
UHP volumes increased across regions; UHP tires represent a materially larger share of PLT sales (management cited ~62% overall, ~55% on Conti-only basis), driving favorable mix and higher ASPs.
China expansion and OE outperformance
Hefei plant ramp-up from ~15 million to ~18 million PLT tires/year progressing smoothly with high utilization; management reports outperforming OE volumes in China despite declining light-vehicle production and benefiting from export vehicle programs.
Updated continuing-operations guidance
Post-ContiTech guidance for continuing operations: consolidated sales ~EUR 13.2–14.2 billion, adjusted EBIT margin ~12.0%–13.5%, adjusted free cash flow ~EUR 0.7–1.1 billion, CapEx ~7%–8% of sales; management expects Tires profitability in the upper half of its range.
Favorable raw-material and inventory tailwinds in H1
Favorable raw material developments and an inventory revaluation in H1 provided a mid-double-digit million euro tailwind and an additional noncash benefit of similar magnitude, supporting margin improvement in Q2.
Tariff refund contribution
Received an estimated EUR 10 million IEEPA tariff refund in Q2 with management indicating further refunds expected.
DE:CONA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed