OPmobility (OPM) Q3 2026 TU earnings summary

Executive summary

• Q3 consolidated revenue was €2,437m, up 3.2% reported and 2.8% LFL, outperforming global automotive production, down 1.9%.

• All three segments grew; Europe, the US and parts of Asia offset a steep China decline.

• Strategic developments included the planned Hyundai Mobis lighting acquisition and the opening of a fourth plant in Morocco.

Financial highlights

• Q3 consolidated revenue was €2,437m, up 3.2% reported and 2.8% LFL; currency effect was +€19m and scope effect -€11m.

• Q3 economic revenue was €2,763m, up 1.6% reported and stable LFL; nine-month consolidated revenue was €7,639m, up 1.1% LFL.

• Nine-month economic revenue totaled €8,585m, down 1.1% reported and up 0.2% LFL; consolidated revenue declined 0.7% reported and grew 1.1% LFL.

Outlook and guidance

• FY2026 targets: operating margin €430m–€450m, free cash flow above €220m, significant net income attributable to owners, and net debt below the FY2025 year-end level.

• FY2026 restructuring costs are expected at €120m–€130m for industrial-footprint, competitiveness and R&D adjustments.

• Q4 2026 is expected to outperform Q4 2025; further customer production cuts are expected in November, mainly in Europe, with December visibility unclear.

• China is expected to improve in 2027 versus 2026, though the extent of market recovery remains uncertain.

• Annual objectives were adjusted for market conditions, volatile raw-material and component prices, and revised manufacturer production forecasts.