OPmobility: annual NI up 4%.
(CercleFinance.com) - OPmobility has announced a 4.
2% increase in net income (group share) to E170m for 2024, as well as an 8.3% increase in free cash flow to E246m and a 0.4-point improvement in operating margin to 4.2% of sales.
At over E11.6bn, the automotive supplier's economic sales rose by 2.8% organically, outperforming the market by 4 points across all regions.
At the AGM on 24 April, the Board of Directors will propose a dividend of E0.60 per share for 2024, representing a payout ratio of 50.8%. Taking into account the interim dividend paid in July 2024, the balance of E0.36 will be paid on 2 May.
Against a backdrop of expected stable automobile production in 2025, OPmobility aims to achieve financial aggregates (operating margin, NI and free cash flow) higher than those of 2024, while continuing to reduce its net debt.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
2% increase in net income (group share) to E170m for 2024, as well as an 8.3% increase in free cash flow to E246m and a 0.4-point improvement in operating margin to 4.2% of sales.
At over E11.6bn, the automotive supplier's economic sales rose by 2.8% organically, outperforming the market by 4 points across all regions.
At the AGM on 24 April, the Board of Directors will propose a dividend of E0.60 per share for 2024, representing a payout ratio of 50.8%. Taking into account the interim dividend paid in July 2024, the balance of E0.36 will be paid on 2 May.
Against a backdrop of expected stable automobile production in 2025, OPmobility aims to achieve financial aggregates (operating margin, NI and free cash flow) higher than those of 2024, while continuing to reduce its net debt.
Copyright (c) 2025 CercleFinance.com. All rights reserved.