AUMOVIO improves operating margin in third quarter despite significant sales decline and confirms full-year guidance

Frankfurt am Main, November 5, 2026. AUMOVIO achieved a positive operating result in the third quarter of 2026 despite a persistently challenging market environment. Adjusted consolidated sales amounted to €4.0 billion in the third quarter (Q3 2025: €4.5 billion), while the adjusted EBIT margin improved slightly to 3.5 percent (Q3 2025: 3.4 percent). Adjusted EBIT reached €137 million (Q3 2025: €153 million). At the same time, order intake increased significantly to €6.4 billion (Q3 2025: €3.2 billion).

Adjusted consolidated sales declined by 9.8 percent in the first nine months of 2026 to €12.6 billion (9M 2025: €14.0 billion). Adjusted EBIT amounted to €294 million (9M 2025: €413 million), corresponding to an adjusted EBIT margin of 2.3 percent (9M 2025: 3.0 percent). Earnings were impacted by the settlement with BMW announced in July 2026 and by the challenging market environment. Order intake remained largely stable at €14.6 billion (9M 2025: €14.7 billion).

AUMOVIO has continued to implement its portfolio strategy in recent months. As part of the portfolio review, the Executive Board confirmed that the User Experience (UX) business area will remain an integral part of AUMOVIO. This decision reflects the progress UX has made toward achieving a sustainable cash flow contribution, its strong technology position, and synergies from collaboration with other business areas.

Since the beginning of the year, AUMOVIO has completed or entered into agreements for 11 sales transactions. These include the sale of its stake in SupplyOn and an agreement to sell its washer and cleaning business. Additionally, the company has finalized the sale of its locations in Mechelen, Belgium, and in Rheinböllen, Germany, marking a further milestone in the optimization of its global production network.

At the same time, AUMOVIO has expanded its business with Chinese OEMs and opened new growth opportunities by extending its longstanding partnership with Chery to Europe. With its broad portfolio and European production network, AUMOVIO will support Chery’s future vehicle production in Europe.

In the first nine months of 2026, the business areas performed as follows:

In the Autonomous and Commercial Mobility business area, adjusted sales amounted to €2.1 billion (9M 2025: €2.4 billion, -12.0 percent). This performance was primarily impacted by lower volumes and negative currency effects. The resulting decline in earnings was more than offset by efficiency gains in research and development. Adjusted EBIT improved to €13 million (9M 2025: -€11 million).

The Architecture and Network Solutions business area achieved adjusted sales of €3.5 billion (9M 2025: €3.8 billion, -7.8 percent). This decline in sales was driven by negative currency effects and lower volumes. Adjusted EBIT rose by 21.2 percent to €211 million (9M 2025: €174 million), mainly because of ongoing restructuring measures and stringent cost management.

The Safety and Motion business area achieved adjusted sales of €5.0 billion (9M 2025: €5.5 billion, -9.3 percent), mainly due to negative currency effects and lower volumes. Adjusted EBIT was affected by the agreement reached with BMW, as well as by volume and currency effects and declined to €81 million (9M 2025: €253 million).

The User Experience business area recorded adjusted sales of €2.1 billion (9M 2025: €2.3 billion, -7.9 percent). This decline was attributable in large part to negative currency effects and annual price adjustments. Adjusted EBIT improved to €14 million (9M 2025: €5 million), mainly due to consistent implementation of structural optimization measures, sustainable improvements in material prices, and efficiency gains in production.

As of September 30, 2026, AUMOVIO retains a solid balance sheet structure. The equity ratio rose to 54.7 percent (December 31, 2025: 53.9 percent), while net liquidity amounted to €1.1 billion (December 31, 2025: €1.4 billion). Adjusted free cash flow in the first nine months of 2026 came in at -€297 million (9M 2025: -€150 million) and normalized free cash flow was €111 million (9M 2025: €202 million). Normalized free cash flow for the first nine months of the year was adjusted for cash outflows totaling €408 million , including €295 million related to restructuring measures and severance payments, and €61 million related to the spin-off from Continental AG.