OPmobility (OPM) Q3 2025 TU earnings summary

Executive summary

• Achieved organic revenue growth of 2.6% in Q3 2025, driven by strong performance in North America and Asia, and rapid expansion in India.

• Over 75% of revenue is powertrain-agnostic, supporting resilience amid EV market volatility.

• Maintained adaptability with cost-saving measures and confirmed 2025 targets for margin, cash flow, and deleveraging.

• Strategic moves included opening a fifth factory in India, expanding partnerships with Chinese OEMs like Chery, and issuing a €300 million bond.

• Improved ESG rating to B- from ISS, placing in the top 10% of suppliers, and achieved Ecovadis Platinum status.

Financial highlights

• Q3 2025 economic revenue was €2,719 million, up 2.6% like-for-like year-over-year, with a negative FX impact mainly from the US dollar.

• North America revenue grew 9% like-for-like, Asia up 15.9% like-for-like; Europe declined due to OEM shutdowns and a cyberattack.

• Exteriors & Lighting segment up 4.2% like-for-like; Modules down 1.7%; Powertrain up 5.4% like-for-like.

• Joint ventures reported strong like-for-like growth of 32.1% in Q3 2025.

• Consolidated revenue for Q3 2025 was €2,362 million, down 0.8% like-for-like year-over-year.

Outlook and guidance

• 2025 outlook confirmed: targets for improved operating margin, net result, free cash flow, and reduced net debt versus 2024.

• Q4 expected to see continued strong performance in Asia and North America, with Europe recovering as OEM production resumes.

• Ongoing focus on cost control, investment discipline, and diversification strategy.

• Module segment profitability and group KPIs expected to improve in H2 2025 compared to H2 2024.

• Well positioned to capture long-term growth opportunities, leveraging India's market and global partnerships.