Aumovio (AMV0) Q4 2025 earnings summary

Executive summary

• Achieved full-year 2025 guidance with adjusted sales of €18.5 billion, down 5% year-over-year, despite market challenges and a successful spin-off, transforming into an independent, focused company.

• Adjusted EBIT rose 45% to €717 million, with margin up to 3.9%, driven by cost discipline, improved project execution, and transformation initiatives.

• Normalized free cash flow reached €650 million, up from €511 million in 2024, despite €491 million in restructuring and spin-off costs.

• Transformation efforts included active portfolio management, footprint reduction, SG&A savings, R&D efficiency, and global site consolidation.

• Entered first full fiscal year as an independent company after spinning off from Continental in September 2025.

Financial highlights

• Adjusted sales: €18.5 billion (down 5% year-over-year); organic sales down 2.5%.

• Adjusted EBIT: €717 million (up 45% year-over-year), margin 3.9%.

• Adjusted free cash flow: €159 million; normalized free cash flow: €650 million.

• Net income after minorities: -€655 million, down €366 million year-over-year, impacted by restructuring, spin-off, and tax effects.

• Net liquidity at year-end: €1.4 billion; gross financial debt: €340 million; syndicated credit line undrawn.

Outlook and guidance

• 2026 is a transition year; adjusted sales guidance: €17–18.5 billion, EBIT margin: 3.5–5%, normalized free cash flow: €500–800 million.

• CapEx to remain below 5% of sales; significant improvement in net income and EPS expected.

• Market headwinds anticipated in 2026, with recovery expected from 2027 onward.

• Focus on profitability, efficiency programs, and innovation strategy, including workforce restructuring affecting up to 4,000 positions.