Headlines
Continental's Aumovio aims for higher sales in long term after IPO
Published by Global Banking & Finance Review®
Posted on June 24, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 24, 2025
1 min readLast updated: January 23, 2026
Aumovio, Continental's automotive division, targets a 22% sales growth post-IPO, aiming for over 24 billion euros in sales with a focus on value-adding technologies.
BERLIN (Reuters) -Continental's automotive division, set to go public in September under the name Aumovio, hopes to boost sales by 22% in the long term as it sharpens its focus on technologies that add value to the carved-out company, it said on Tuesday.
Continental said Aumovio is targeting a long-term increase in sales to over 24 billion euros ($28 billion) compared with 19.6 billion euros last year, and an adjusted EBIT margin in the range of 6-8%.
"We have a clear strategy for increasing value and are well equipped to take on the market challenges that lie ahead," Aumovio CEO Philipp von Hirschheydt said, giving a strategy update at the group's capital markets day.
On the auto business's exposure to U.S. President Donald Trump's tariffs, which have panicked German carmakers and their suppliers, von Hirschheydt told reporters 92% of its products are produced in the United States or Mexico, meaning they are exempt.
"For many years, we have tried to produce very closely to where our buyers and customers are located," he added.
($1 = 0.8621 euros)
(Reporting by Rachel More, editing by Thomas Seythal)
Aumovio aims to increase sales to over 24 billion euros, up from 19.6 billion euros last year.
Aumovio is targeting an adjusted EBIT margin in the range of 6-8%.
Aumovio has a clear strategy for increasing value and is well equipped to tackle the market challenges ahead.
Aumovio CEO Philipp von Hirschheydt stated that 92% of its products are produced in the U.S.
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