OPmobility (OPM) H1 2025 earnings summary

Executive summary

• Achieved solid H1 2025 results with economic revenue of €5,960 million, up 1.6% like-for-like, despite volatile market conditions and regional declines in automotive production.

• Operating margin increased by 11.1% to €260 million (4.9% of revenue), driven by cost reduction and efficiency gains.

• Free cash flow grew 5.0% to €165 million, supporting a reduction in net debt by €118 million to €1,459 million and leverage at 1.5x EBITDA.

• Net result Group share declined to €90 million, mainly due to higher non-recurring restructuring and transformation costs.

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

Financial highlights

• Economic revenue: €5,960 million (+1.6% LFL); consolidated revenue: €5,332 million (-0.6% LFL), impacted by negative currency effects.

• EBITDA: €516 million (9.7% of revenue), up from €471 million (8.7%) in H1 2024.

• Operating margin: €260 million (4.9% of revenue), up €26 million (+11.1%) year-over-year.

• Free cash flow: €165 million (3.1% of revenue), up 5% year-over-year.

• Net debt: €1,459 million; leverage: 1.5x EBITDA; gearing: 71%.

Outlook and guidance

• Confirms 2025 outlook: operating margin, net result, and free cash flow all expected to exceed 2024 levels, with further net debt reduction.

• Market visibility remains limited due to tariff uncertainty and geopolitical tensions; global automotive production expected to decline by 2.3% in H2 2025.

• Continued focus on cost discipline, investment control, and intensified cost-saving measures.