Continental swings to net loss in third quarter after Aumovio spin-off

Continental AG

06/11/2025 06:30

BERLIN, Nov 6 (Reuters) - German automotive supplier Continental AG CONG.DE reported a net loss in the third quarter on Thursday due to one-off costs of 1.1 billion euros ($1.28 billion) linked to restructuring as it sheds parts of the group to become a pure-play tyres company.

Continental swung to a net loss of 756 million euros from a 486-million-euro profit a year earlier due to the non-cash special effects resulting from the spin-off of its Aumovio AMV0n.DE division and the planned sale of its OESL business.

Those effects "overshadowed the otherwise solid operational performance in both EBIT and net income at group level", the company said, confirming preliminary results for the quarter.

($1 = 0.8575 euros)

 (Reporting by Rachel More, Editing by Miranda Murray)

 ((rachel.more@thomsonreuters.com))