Overview
- Aumovio’s third-quarter revenue fell 6.9% to €4.5 billion, EBIT before special items dropped to €150 million, the operating margin slid to 3.3%, and the company posted a €19 million net loss.
- CEO Philipp von Hirschheydt attributed the weaker results to currency effects and product offering clean-ups, promising quarter-by-quarter improvements.
- The supplier sold a drum-brake plant in Italy as it narrows its portfolio and restructures operations.
- Aumovio received written confirmation that its Nexperia chip shipments are exempt from Chinese export controls, easing a looming shortage and making short-time work unnecessary for now.
- Some components remain constrained, a 500-person task force is qualifying alternative sources, and the shares rose nearly 7% following the supply update.