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Continental's Aumovio aims for higher sales in long term after IPO
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Continental's Aumovio aims for higher sales in long term after IPO
Jun 24, 2025 5:37 AM

BERLIN, June 24 (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)

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