Conti’s powertrain division, to be spun-off in H2 21, held a CMD to announce its mid-term strategy. The next five years will be a transition phase to exit from non-core non-profitable activities and focus on growing the Electrified Technologies segment to reach breakeven by 2024. The 2025 horizon outlook looks reachable, but the visibility remains low on the timeline of the transition in the years to come.
