OPmobility Reports 2.6% Organic Growth in the Third Quarter of 2025
OPmobility announces an economic turnover of 2,719 million euros for the third quarter of 2025, up by 2.6% on a like-for-like and constant currency basis compared to the same period in 2024, despite a negative impact from exchange rate effects, according to the press release.
Financial Performance in Detail
In the third quarter of 2025, OPmobility's economic turnover reached 2,719 million euros, marking a 2.6% increase on a like-for-like and constant currency basis compared to the third quarter of 2024, but a decrease of 1.0% in reported data, due to unfavorable exchange rate effects. This performance was primarily driven by the Exterior production activities and C-Power fuel systems. Joint ventures, mainly YFPO in China and SHB in South Korea, recorded a strong increase of 32.1% on a like-for-like and constant currency basis. The consolidated turnover, excluding the share of joint ventures, stood at 2,362 million euros, down 0.8% on a like-for-like and constant currency basis. Over the first nine months of the year, the economic turnover grew by 1.9% on a like-for-like and constant currency basis, reaching 8,679 million euros. By segment, Exterior & Lighting saw a rise of 4.2% on a like-for-like and constant currency basis in the third quarter, Powertrain advanced by 5.4%, while Modules decreased by 1.7%. The group's financial structure was strengthened by a bond issue of 300 million euros maturing in 2031, carried out in July 2025.
Regional Dynamics and Strategic Expansions
OPmobility confirms sustained momentum in North America and Asia, with respective revenue growths of 9.0% and 15.9% on a like-for-like and constant currency basis in the third quarter of 2025. In Europe, revenue fell by 5.3% on a like-for-like and constant currency basis, impacted by longer client factory shutdowns than in 2024. The group is accelerating its development in India, where it equips more than one in three vehicles and has inaugurated a fifth factory dedicated to exterior systems and energy storage, while also starting the construction of a sixth factory for energy storage systems production from 2026. OPmobility is also continuing its diversification into electric collective mobility, with a long-term partnership with HESS AG for the supply of modular battery packs for buses and trolleybuses in Europe. Additionally, the group's ESG rating has improved to 'B-' from 'C+' previously, according to ISS ESG Ratings.
2025 Objectives and Financial Outlook
OPmobility reaffirms its goals for the 2025 fiscal year, aiming to improve its financial aggregates, including operating margin, net income attributable to the group, and free cash flow, while continuing to reduce its net debt. The group relies on its local industrial footprint, operational proximity with its clients, and the continuation of cost-saving measures to navigate a volatile environment. The third quarter 2025 revenue will be presented during a webcast on October 22, 2025.
