Aumovio cuts 2026 outlook as Q2 sales remain weak

cn.investing.com (Chinese)

Aumovio cut its 2026 full-year outlook after second-quarter sales declined, citing a weak automotive market and rising costs. Adjusted quarterly sales fell 8.6% to €4.3 billion, though the adjusted EBIT margin held steady at 3.5%. First-half sales dropped 8.2% to €8.7 billion, with margins improving to 3.0% from 2.7%. The company now projects full-year sales of €17.0-17.5 billion and margins of 3.0%-4.0%. Shares traded flat at $39.55 in pre-market trading. Weak vehicle production and higher memory-chip costs contributed.


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Aumovio cuts 2026 outlook as Q2 sales remain weak | News Minimalist