Continental Releases 2005 Financial Results - Tire Review Magazine

Continental Releases 2005 Financial Results

(Akron/Tire Review) International automotive supplier Continental AG released its 2005 financial results, which showed an increase of 30.2% in operating income and a 9.8% increase in consolidated sales.

Operating results increased to $1.9 billion, and consolidated sales rose to $17.2 billion from the previous year, Continental reported.

The passenger and light truck tire division increased sales to $5.5 billion, from the prior year number of $5.1 billion. Operating result increased by 57.5%, to $832 million.

“The division increased its sales by 3.9% to 106.2 million tires,” Continental said in a release. And, business in the NAFTA region developed positively, it added.

“All told, in the fourth quarter of 2005, we still almost reached the operating break-even point we were aspiring to,” said Alan Hippe, president and CFO of Continental Tire North America (CTNA). “We expect that, during this year, more progress will be achieved and we can stabilize this positive trend. More efficient cost structures will help, as will the new plant in Brazil, where production has started.”

The commercial tires division showed a sales decline of 8.1% to $1.7 million, Continental also reported. However, the division improved its operating result by 47.1% to $190 million. Global truck tire sales rose by 1.7% to 6.7 million units.

In North America, the OE commercial tire business grew by 9.9%, but the replacement business declined by 0.9%, according to Hans-Joachim Nikolin, the executive board member responsible for the division.

“We anticipate continued growth in consolidated sales and further improvement in group operating result in fiscal 2006,” said Manfred Wennemer, chairman of Continental’s executive board. “All divisions will contribute to these results.”

“In 2006, the subject of acquisitions will continue to top our list,” he added. “We intend to actively manage containment of anticipated raw material price rises; this will also have to include price increases.”

You May Also Like

Unlocking Secret BMS Information with Autel EV Diagnostic Tablets

Autel diagnostic tablets connect directly to EV battery modules, accessing all datastream PIDs for precise diagnostics.


The Autel EV lineup of diagnostic tablets provides technicians with a solution to the common challenge of limited visibility into all datastream PIDs on hybrid/PHEV and full electric vehicles. These vehicles will often have more than 100 wires going to the BMS (battery management module), according to Autel.

TIA Elects Six New Board of Directors

TIA says the new directors bring expertise across retail, distribution, training and industry associations.

TIA New Board Members
Paving the Way for Automotive Innovation: The Road to AAPEX S2E8

Watch to see how far automotive innovation has brought us to get to where we are today, and where it might take us tomorrow.

RTA S02 E08
Connecting to Future Automotive Technology: The Road to AAPEX S2E7

As Joe Keene connects with the Lincoln Highway’s history, Tire Review Editor David Sickels glimpses into the future of automotive technology.

RTA S02 E07
Historic Mile Markers on the Road of Progress: The Road to AAPEX S2E6

Babcox Media’s Joe Keene enters Iowa on his drive to AAPEX and discovers the charm of small-town America along the Lincoln Highway.

RTA S02 E06

Other Posts

At the Crossroads of Automotive’s Past and Future: The Road to AAPEX S2E5

While Joe Keene continues down the highway in the refurbished Lincoln, Tire Review Editor David Sickels sets off to visit Proterra.

RTA S02 E05
How the CEO of VIP Tires Empowers His People

Tim Winkeler makes a point of leading by example.

Falken Debuts Aklimate All-Weather Touring Tire

Falken’s Aklimate all-weather tire is designed for snow traction without seasonal changeovers.

BKT to Sponsor World Curling Championships

BKT will be the title sponsor of the upcoming three world championships to be held in Canada, starting with the 2024 BKT World Women’s Curling Championship.

BKT curling Canada