Continental CFO on Sales Outlook, Costs, China

The transcript discusses the challenges and strategies of Continental's tire division, focusing on market weakness, inflationary pressures, and cost management. It highlights the company's performance in the Chinese market and the impact of the growing EV market. Despite reduced sales forecasts, Continental maintains its margin outlook, emphasizing its strong market positioning and product portfolio, which is less dependent on powertrain types.

What is the main reason for the reduced sales outlook in Continental's tire division?

• Increased competition in the market

• Weakening demand in the European and U.S. markets

• Higher production costs

• Supply chain disruptions

How has Continental adjusted its cost inflationary guidance for the year?

• Increased from 1.2 billion to 1.5 billion

• Increased from 1.4 billion to 1.7 billion

• Decreased from 1.7 billion to 1.4 billion

• Maintained at 1.7 billion

What percentage of Continental's sales comes from the Chinese market?

• 12%

• 15%

• 8%

• 10%

How is Continental's product portfolio positioned in relation to powertrain types?

• Highly dependent on electric vehicles

• Independent of powertrain types

• Focused on combustion engines

• Dependent on hybrid vehicles

What is the expected impact of Chinese EV makers on Continental's business?

• Decrease in demand for Continental's products

• Increase in demand for Continental's EV-focused products

• No impact on Continental's business

• Shift in focus to European markets