Hanover, Germany — When Continental AG releases its full-year financial statement and annual report in March, there are a few things it expects to see.
Namely, the company's rubber and plastics-related businesses had a fairly solid year in 2022, even if some of Continental Group's overall performances fell shy of expectations. Still, sales for the overall company increased during the 12-month period, according to Continental's preliminary and unaudited results.
The global automotive supplier maker expects 2022 sales of around $42.7 billion, falling in line with its forecast (between $41.5 billion and $43.5 billion). The adjusted EBIT margin is expected to be around 5 percent of the full year, meeting expectations of 4.7-5.7 percent.
Adjusted free cash flow, meanwhile, is expected to be close to $217 million for the full year, falling well below the expected range of $650 million to $865 million for the company.