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Aumovio confirms 2026 outlook as profitability improves despite weak auto market

By Reuters News7 hours ago Updated

Nov 5 (Reuters) - German automotive supplier Aumovio AMV0n.DE reported better third-quarter profitability and reaffirmed its annual forecast on Thursday, as cost-cutting and efficiency measures helped offset weaker car production and negative currency effects.

The company, which spun off from Continental CONG.DE in 2025, said its adjusted operating profit margin was 3.5% in the third quarter, compared with 3.4% a year ago. Analysts polled by Vara had expected an average margin of 3.1%.

Aumovio remains "highly disciplined and focused on efficiency", as it works to meet its targets in a challenging market environment, CEO Philipp von Hirschheydt said.

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