OPmobility (OPM) Q3 2025 TU earnings summary

Executive summary

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

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

• Accelerated geographic, technological, and customer diversification, with strategic moves including new factories in India and expanded partnerships with Chinese OEMs.

• Confirmed 2025 outlook, targeting improvements in operating margin, free cash flow, net result, and further deleveraging.

• Improved ESG ratings, achieving ISS ESG B- and Ecovadis Platinum, ranking in the top 10% of suppliers.

Financial highlights

• Q3 2025 economic revenue was €2,746 million, up 2.6% like-for-like year-over-year, with a negative FX impact mainly from USD depreciation.

• North America revenue grew 9% organically (US up 12.1% LFL); Asia revenue rose 15.9% LFL; Europe declined 5.3% LFL due to OEM shutdowns and a cyberattack.

• Exteriors and lighting segment revenue up 4.2% LFL; modules down 1.7% LFL; powertrain up 5.4% LFL.

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

• Economic revenue for the first nine months of 2025 was €8,679 million, up 1.9% like-for-like year-over-year.

Outlook and guidance

• 2025 outlook reaffirmed: higher 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; Europe to recover as OEM production resumes.

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

• Continued focus on cost-saving, investment control, and diversification strategies.

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