Net income falls in second quarter for Germany's Continental

German automotive supplier Continental reported on Tuesday a rise in net income in the second quarter compared to the smae period of the previous year.

Continental reported second-quarter net income of €274 million ($315.25 million), down 45.9% from a year ago, mainly attributable to the spin-off of Aumovio. Earnings per share were €1.37 compared to €2.53.

Continental increased its adjusted operating result to €570 million from €422 million last year.

Consolidated sales were €4.4 billion, down 9.1% from the prior year. This decline in sales was mainly due to the sale of the original equipment solutions business area at the beginning of February 2026. Before exchange-rate effects and changes in the scope of consolidation, organic sales declined by 0.3%. Adjusted sales were €4.41 billion, down 0.1%.

Following the signing of the agreement to sell ContiTech, Continental's outlook at the group sector level now only includes its tire business. For continuing operations, for the Group as a whole, Continental expects sales in the range of around €13.2 billion to €14.2 billion and an adjusted EBIT margin of around 12 to 13.5%.

At last close, Continental shares were trading at €72.36 on the Frankfurt Stock Exchange, up 0.7%.