OPmobility adjusts its roadmap and 2026 objectives to address the transformation of the automotive market.
A targeted action plan to reinforce the Group’s competitiveness and support sustainable, profitable, and value-creating growth.
Operating margin expected between €430 million and €450 million and free cash flow above €220 million for 2026.
• To address a more pronounced than anticipated deterioration in automotive market conditions, OPmobility is adjusting its 2026 objectives while reaffirming its focus on cash-flow generation, net debt reduction and the lasting reinforcement of its competitiveness.
• The Group is aligning its full-year objectives with the latest automotive production trends and persistent inflation, while maintaining strict financial discipline and a selective allocation of its resources. It is therefore targeting, for 2026, an operating margin of between €430 million and €450 million, a free cash flow above €220 million, a significant net result Group share, and an improvement in net debt compared with year-end 2025.
• Targeted actions will be implemented in Europe to adapt the Group’s industrial footprint, reinforce operational competitiveness and optimize its R&D organization, with the aim of sustainably improving its cost base and its ability to create value over the medium term.
Rapidly transforming market dynamics
The global automotive industry is undergoing a profound transformation, against a backdrop of declining volumes and increased competition. Chinese manufacturers are gaining momentum, while Western players are adapting their industrial models to technological and regulatory changes, and consumer expectations.
Electrification, industrial competitiveness, and innovation remain the key priorities of the sector, amid regional disparities and persistent supply chain pressures.
In this environment, OPmobility can rely on its global positions, the diversity of its technologies and the strength of its relationships with automotive manufacturers. These assets support its resilience, performance, and ability to generate profitable growth.
Full-year objectives adjusted to current market conditions
Persistent geopolitical tensions in the Middle East are contributing to the volatility in the prices of raw materials and certain components. In parallel, the latest automotive production forecasts are being revised downwards, particularly in China, while some of the Group’s customers continue to adjust their activity levels, mainly in Europe.
The Group is also continuing to manage its resources rigorously to prioritize investment required to support its growth. OPmobility is therefore accelerating the development of its production capacity, mainly in North America and Asia, to support growth in these regions.
In this context, OPmobility is adjusting its full-year objectives while maintaining a profitable trajectory and prioritizing investments that create long-term value. OPmobility is therefore targeting, for 2026, an operating margin of between €430 million and €450 million, as well as free cash flow above €220 million.
In addition, the Group confirms its objective to reduce its net debt at year-end 2026 compared with year-end 2025.
Targeted initiatives to reinforce competitiveness and value creation in Western Europe
A more agile and competitive R&D organization
In France, OPmobility plans to adapt its R&D organization in the sites of Alphatech in Venette (Oise department), and in Labège (Haute-Garonne department). These adjustments come amid a decline in customers’ development activity in the Powertrain segment, affected by European regulations targeting the phase-out of internal combustion engines in 2035 and delays in the development of the hydrogen mobility market, with projects being cancelled in the United States and Europe.
This evolution aims to adjust and consolidate the Group’s areas of expertise at the Lachelle site, located in close proximity to the Alphatech site, to improve returns on innovation investments, and to strengthen collaboration in key areas of sustainable mobility.
With the Sigmatech site in the Ain department and the Lachelle site, OPmobility will retain two leading R&D centers in France. These centers are at the heart of the Group’s relationships with its customers in Europe, a market that accounts for nearly half of its sales.
An industrial footprint adapted to market needs
In Germany, the Group is considering transferring production from its exterior parts plant in Sterbfritz, in the State of Hesse, to other German sites in order to optimize asset utilization in a market characterized by industrial overcapacity and a sharp decline in automotive production.
In France, OPmobility plans to adapt production capacity at its Flers-en-Escrebieux site, in the North of France, to align it with changes in its customers’ activity levels.
These projects would result in a reduction of around 460 positions in Germany and 310 positions in France. They will be conducted in accordance with the legal frameworks applicable in each country, through responsible social dialogue and in line with the Group’s commitments.
For the 2026 financial year, the Group expects restructuring costs of between €120 million and €130 million in connection with these adaptation and competitiveness initiatives.
These measures are intended to adjust capacity, improve industrial asset utilization rates, and focus the Group’s resources on the activities that create the most value. They therefore represent a structural lever for improving the Group’s competitiveness, margin profile, and cash generation over the medium term.
A transformation supporting performance, value creation, and sustainable growth
In response to rapidly changing markets, OPmobility is acting with discipline to adapt its operating model, protect its cash generation, and sustainably reinforce its competitiveness.
The initiatives announced in Europe will enable the Group to redirect its resources towards the activities, technologies, and geographies, offering the most attractive development and profitability opportunities. This strategy is also reflected in targeted investments with strong potential, beginning with the recently signed agreement to acquire Hyundai Mobis’ lighting business.
OPmobility is therefore reaffirming its ability to anticipate market developments, rapidly implement the necessary adjustments, and continue on a path of sustainable, profitable, and value-creating growth for all its stakeholders.
A call is scheduled today at 6:30 p.m. (CET) with Félicie Burelle, Chief Executive Officer of OPmobility. To follow the call:
https://opmobilityen.engagestream.euronext.com/2026-opmobilitycommunication
OPmobility Q3 2026 revenue will be presented on October 21, 2026.
This press release is published in English and French. In the event of any discrepancy between these versions, the original version written in French shall prevail.
