Continental's first-quarter profit beats estimates on cost cuts, high-margin tyres

Continental AG

06/05/2026 06:30

May 6 (Reuters) - German car parts supplier Continental CONG.DE on Wednesday posted higher-than-expected operating profit for the first quarter, citing cost cuts, lower raw material prices and a focus on high-margin tyres.

The company reported first-quarter adjusted earnings before interest and taxes of 522 million euros ($612.41 million), up 6.1% from the 492 million in the same quarter of 2025.

This beat the 499.5 million euro analyst consensus provided by the company.

The Hanover-based tyre maker confirmed its full-year outlook, despite the ongoing conflict in the Middle East and weak global markets.

($1 = 0.8524 euros)

 (Reporting by Emanuele Berro and Simon Ferdinand Eibach in Gdansk, editing by Christoph Steitz)

 ((emanuele.berro@thomsonreuters.com))