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Continental Ag (CON.D.DX)

Continental Ag (CON.D.DX)
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Following the spinoff of its automotive middleware business in 2025 and the planned sale of ContiTech, the rubber solutions business, in 2026, Continental will be a pure-play tire manufacturer. According to our research, Continental Tires is the fourth-largest branded tire manufacturer internationally, with approximately 7% market share globally, behind Michelin, Bridgestone, and Goodyear, with global market shares of around 14%, 14% and 9%, respectively. Geographically, its operations remain Europe-heavy, where it derives 52% of revenue, followed by North America, and Asia-Pacific and "other," contributing 29% and 19%, respectively. Twenty-four percent of tires are sold into the new vehicle market with automotive original equipment as customers, and 76% sold as replacement tires.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Sales 39,719,000 41,420,500 39,408,900 33,765,200 37,722,300
Sales Growth -4.11% +5.10% +16.71% -10.49% -15.19%
Net Income 1,168,000 1,156,400 66,600 1,455,000 -961,900
Net Income Growth +1.00% +1,636.34% -95.42% +251.26% +21.48%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Total Assets 36,966,000 37,752,800 37,926,700 35,840,800 39,638,000
Total Assets Growth -2.08% -0.46% +5.82% -9.58% -6.88%
Total Liabilities 22,168,000 23,627,700 24,191,700 23,197,600 26,998,900
Total Liabilities Growth -6.18% -2.33% +4.29% -14.08% +1.15%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Operating Cash Flow 2,934,000 3,327,600 2,295,500 2,954,400 2,714,000
Operating Cash Flow Growth -11.83% +44.96% -22.30% +8.86% -38.52%
Net Cash Flow 41,000 29,600 744,100 215,700 -261,900
Change in Net Cash Flow +38.51% -96.02% +244.97% +182.36% -148.35%
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