OPmobility (OPM) Q1 2025 TU earnings summary

Executive summary

• Q1 2025 revenue grew 3.3%–4.0% year-over-year, outperforming the global automotive market by 1.8 points, driven by strong Modules and Exterior activities and rapid adaptation to uncertainty through cost reduction and investment slowdown.

• Diversification in geographies, technologies, and customers supported resilience, with confidence in delivering 2025 commitments for improved operating margin, net result, and free cash flow.

Financial highlights

• Q1 2025 consolidated revenue reached €2,694 million (+3.1% reported, +2.2% LFL), with a positive FX impact of €22.5 million; economic revenue was €2,981 million (+4.0% reported, +3.3% LFL).

• Modules segment revenue rose 13%–14.6% year-over-year, with strong growth in Europe, the USA, and China.

• Exterior & Lighting revenue remained stable, with strong exterior performance in Europe and Asia, and new wins in China.

• Powertrain revenue declined by 2.1%, but leadership in fuel tanks was consolidated, with new orders from American and Chinese OEMs and expansion in India.

• Outperformed European market by 15 points and Asia (ex-China) by 21 points, with 23.6% growth in Asia (ex-China).

Outlook and guidance

• Maintains 2025 guidance for improved operating margin, net result, and free cash flow versus 2024, despite S&P's forecast of a 1.4–1.5 million unit production decline.

• Confident in solid sales for Q2 and stable performance for the rest of the year, supported by positive customer volume indications.

• Cost reduction and investment slowdown measures intensified to offset potential market headwinds.