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MAHLE Metal Leve (LEVE3) investor relations material
MAHLE Metal Leve Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M26 revenue declined 2.0% YoY to R$3,998.9m; net profit rose 12.4% to R$531.3m, with gross margin at 28.2%.
OEM resilience and diversified domestic and export operations supported profitability amid softer Aftermarket demand, currency headwinds and a challenging industry backdrop.
Exercising the Arco Climatização call option will raise the stake from 49.99% to 70%, expanding thermal-management and air-conditioning exposure.
Financial highlights
9M EBIT rose 0.6% to R$716.5m; gross profit declined 1.0% to R$1,127.5m, while adjusted EBITDA was R$809.1m, up 0.1%.
Q3 revenue fell 2.4% to R$1,410.3m; EBIT declined 9.0% to R$254.1m and net profit fell 15.9% to R$157.5m.
9M OEM revenue rose 1.3% to R$2,570.6m; Aftermarket revenue declined 7.4% to R$1,428.3m.
9M operating cash flow was R$503.3m, up from R$391.0m; cash and equivalents stood at R$491.7m at September-end.
Outlook and guidance
ANFAVEA forecast 2026 Brazilian vehicle registrations up 15.2% to 3.1m and production up 6.7% to 2.82m; exports were projected down 17.7%.
New-business nominations in 9M26 were 40% above the total secured during FY25, supporting efforts to gain light- and heavy-vehicle market share.
Q4 was characterized as challenging; no earnings guidance was given, and the quarter’s result was to be submitted to the board in December.
- Profitability and margins improved in H1 2026 despite lower revenue and export headwinds.LEVE3
Q2 2026 - Net income up 34.9% year-over-year, stable margins, new EV charging launch, and strong dividend payout.LEVE3
Q1 2026 - Net revenue up 18.6% to BRL 5.41bn, net profit up 12.5%, and strong margins in 2025.LEVE3
Q4 2025 - Net revenue up 26% to R$4.08B in 9M 2025, with strong margins and profit growth.LEVE3
Q3 2025 - H1 2025 revenue up 26.1% with strong domestic OE growth, stable profit, and higher net debt.LEVE3
Q2 2025 - EBITDA margin rose to 23.1% despite lower sales, driven by acquisitions and cost control.LEVE3
Q3 2024 - Revenue and profit fell, but stable margins, ESG progress, and MOVER incentives support growth.LEVE3
Q2 2024 - Revenue up 24.1% year-over-year, but profit and margins declined amid cost pressures.LEVE3
Q1 2025 - Revenue up 5.1% to R$4.56B, net profit down 27.7%, major acquisitions and ESG milestones.LEVE3
Q4 2024
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Next MAHLE Metal Leve earnings date
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