Continental AG's ContiTech subsidiary expects sales to grow by 3.7% in 2023

Continental's ContiTech subgroup achieved sales of 6.8 billion euros in 2023, a year-on-year increase of 3.7%. Adjusted EBIT margin increased significantly year over year to 6.7%. In May 2023, Conditai also launched a strategic restructuring plan aimed at improving the influence and efficiency of the sub-group.