Aumovio cuts 2026 outlook after weak first-half results
German automotive technology supplier AUMOVIO cut its full-year guidance after reporting lower first-half revenue and earnings, citing weaker vehicle production, geopolitical uncertainty and the financial impact of a settlement with BMW.
The company said adjusted sales fell 8.9% to 8.6 billion euros ($9.9 billion) in the first six months of 2026 from 9.5 billion euros a year earlier. Adjusted earnings before interest and taxes (EBIT) declined to 157 million euros from 260 million euros, while the adjusted EBIT margin narrowed to 1.8% from 2.7%.
Read More