OPmobility: largely outperforms market in Q3

(CercleFinance.com) - OPmobility reports Q3 2024 economic sales of almost E2.
75bn, up 3.6% (+4.7% organic), mainly driven by the modules and exterior business groups.

Against a backdrop of a 4.8% decline in automotive production, due in particular to production start-up delays in a context of gradual electrification and high inventories, the equipment supplier outperformed the market by +9.5 points.

The group reported sales growth and market outperformance in all regions (Europe, North America and Asia) over the quarter, with the US remaining the leading contributor to sales.

OPmobility confirms its 2024 outlook of sales outperforming the market and an improvement in all financial aggregates compared with 2023 (operating margin, net income group share, free cash flow and net debt).


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