OPmobility shares slip following quarterly trading update
OPmobility is losing ground on the Paris Bourse (-1.74% to 15.28 euros) shortly after the opening bell. The automotive supplier has released its quarterly revenue figures and reaffirmed its full-year guidance.
OPmobility reported economic revenue of 2.834 billion euros for the first three months of the year, down 4.9% on a reported basis and 0.4% at constant scope and exchange rates. Consolidated revenue reached 2.523 billion euros, representing a 6.3% decline as reported and a 2.3% organic contraction.
The performance of the mobility technology partner was bolstered by North America, where economic revenue grew by 4.9% at constant scope and exchange rates, and by Asia excluding China, where it rose by 14.8% on the same basis. Conversely, revenue in China decreased by 1.8%, while in Europe, its primary market, the decline reached 5.2%.
OPmobility confirmed its annual targets and noted that the situation in the Middle East had no significant impact on its first-quarter business.
For the second quarter, the group expects to finalize the expansion of its YFPO joint venture, the leader in exterior parts in China, into module assembly and signature lighting and decorative solutions. The company is also moving forward with the potential acquisition of a controlling stake in Hyundai Mobis's lighting business, with the transaction expected to close by the end of 2026.
For the full 2026 fiscal year, OPmobility anticipates an improvement in its operating margin, net income (group share), free cash flow, and net debt.
OPmobility is a world leader in sustainable mobility, and a technology partner to mobility players around the world. Driven by innovation since its creation in 1946, the Group now has four complementary business groups that enable it to offer its customers a wide range of solutions: exterior and lighting systems, complex modules, energy storage systems and battery and hydrogen electrification solutions. OPmobility also offers a dedicated software development business, OP'nSoft.
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