Half Year 2026 Opmobility SE Earnings Call Transcript
Key Points
- OPmobility (PASTF) demonstrated resilience by achieving a slight sales increase of 0.2% in a market that declined by 1%.
- The company reported a solid operating margin of 4.8% of revenues, supported by core businesses and transformation initiatives.
- Strong performance in North America and Asia, with significant growth in the fuel tank and lighting activities.
- OPmobility (PASTF) generated a solid free cash flow, enabling a reduction in net debt by EUR 90 million.
- The company is expanding its industrial capacities in the US and China, aiming to double its sales in the US by 2030.
- The automotive market forecast for 2026 is a decline of 2.3%, with significant challenges in the Chinese market, which saw a 20% decrease in domestic sales.
- Europe remains below pre-COVID levels in terms of volumes, with heavy restructuring impacting the market.
- The company faces low visibility due to geopolitical tensions and the USMCA discussions, affecting market stability.
- The lighting segment, while recovering, still faces challenges in reaching break-even and achieving steady growth.
- Raw material inflation and energy costs continue to pressure margins, with ongoing discussions needed for price recoveries.
Good morning. Welcome, everybody. It's my pleasure, alongside Olivier David, our CFO, and Stephanie Laval, in charge of strategic planning and investor relation, to welcome you here in Le Valois and remotely, for those who are connected, to present you our first half of the year 2026 results.
And we are even more pleased to host you that we believe we have a solid set of figures to present to you this morning despite as you know a very complex environment we are surrounded with and it's always a pleasure for me to to see such a video to before beginning because you actually realize all the the impact that we can have and the strong achievements we have made in in the in the last few months.
I will actually start by coming back a bit on this complex market I was referring to because, as last time we met was to present you the 2025 results and we entered the 2026 year thinking that the market would be more or less flat, which, as is not the case because today the forecast for
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