OPmobility (OPM) Q4 2025 earnings summary

Executive summary

• Achieved all 2025 financial targets with robust growth in key metrics, strong operational execution, and resilience amid market volatility and geopolitical challenges.

• CEO transition completed, with Félicie Burelle confirmed for a new three-year term, maintaining focus on long-term commitment, financial discipline, and stakeholder engagement.

• Accelerated geographical diversification, with about two-thirds of order intake outside Europe and strong momentum in North America and Asia.

• Strategic priorities include electrification, digitalization, AI, innovation, sustainability, and competitiveness.

• Achieved group carbon neutrality for scopes 1 and 2, including recent acquisitions, and received high ESG ratings.

Financial highlights

• Economic revenue reached €11,537 million, up 1.7% like-for-like versus 2024, despite a €300 million negative forex impact.

• EBITDA rose to €1,001 million (+7.7% year-over-year), exceeding €1 billion for the first time since 2019.

• Operating margin increased 11.4% to €490 million, with margin rate up to 4.8% of revenue (+0.6pts year-over-year).

• Free cash flow surged 20.7% to €297 million, supporting a reduction in net debt by €167 million to €1,409 million.

• Dividend of €0.49 per share proposed for 2025, with a payout ratio of 37.7%.

Outlook and guidance

• 2026 expected to be a transition year with stable revenues and market conditions; significant growth from new order intake anticipated from 2027.

• Targets for 2026: operating margin, net result, and free cash flow to exceed 2025 levels; net debt to be lower.

• All business groups expected to improve margin performance in 2026.

• CapEx to return to around 5% of sales in 2026, supporting future growth.

• Guidance excludes the potential acquisition of Hyundai Mobis' lighting business.