Aumovio (AMV0) Pre-close call summary

Executive summary

• Transformation efforts have advanced, focusing on operational efficiency and execution discipline, positioning the company for sustainable value creation and future growth.

• Market conditions in Q2 remained challenging, with global light vehicle production down 1.8% year-over-year, impacting key regions.

• The company reiterates its outlook for the full year, expecting stronger performance in the second half and confirming guidance.

Trading performance and revenue trends

• Q2 revenues are expected to be broadly in line with Q1, which was €4.4 billion.

• Sales development is influenced by regional production trends, portfolio measures, phase-out of lower return activities, and FX movements.

• Market share gains and growth in China continue, maintaining an attractive profitability profile.

Profitability and margins

• Adjusted EBIT margin for Q2 is expected to improve sequentially from Q1's 2.4%, but remain below Q2 2025's 3.5%.

• Profitability is impacted by timing differences between cost increases and customer compensation, with cost recoveries expected to support margins in H2.

• Typical seasonality suggests margins will improve each quarter, with Q4 being the strongest.