The mobility sector is undergoing a period of profound transformation. New players are emerging with new requirements and new technological ambitions, while we are witnessing a drop in global vehicle production, the transition to electric vehicles, and the implementation of ever-changing regulations. In addition, geopolitical tensions are simultaneously heightening uncertainty and underlining the relevance of our diversification strategy. In 2024, we expanded our customer portfolio, both in the automotive industry and in new sectors, such as the rail industry. We also improved our global presence to ensure a better balance, particularly in the United States and Asia. Today, our portfolio of technologies is more robust and diversified. We also developed One4you, an offer that brings together the combined expertise of our Exterior & Lighting and Modules Business Groups, along with our software activity OP’nSoft. Our first quarter performance in 2025 was solid. In a global environment characterized by many uncertainties, we decided to accelerate our cost-cutting initiatives across all our activities to ensure our financial performance and continue to reduce our debt. We are moving forward with a long-term vision, while remaining agile in the short term. This is reflected in a stronger presence in growth regions, a larger customer portfolio, and a constant commitment to efficiency, competitiveness, and operational excellence. In line with the commitment we made in 2021, the Group will be carbon neutral for scopes 1 and 2 emissions this year. This ambitious objective has become a source of pride for us and is particularly important to our customers. Acceleration, agility, and diversification are our guiding principles as we work every day to meet our customers’ needs and adapt constantly to our market environment. This new edition of Vibes magazine reflects this strategic acceleration – you will find out more about One4you, our vision of the hydrogen market, our analysis of the American market, our talented employees at the heart of our ACT FOR ALL™ sustainable development program, and the role of artificial intelligence in our activities. I want to thank all our teams for their commitment and their exceptional work. Together, we have achieved great things and I firmly believe we will build on this momentum in 2025. I hope you will enjoy reading this magazine. INTRODUCTION LAURENT FAVRE Chief Executive Officer, OPmobility “Acceleration, agility, and diversification are our guiding principles as we work every day to meet our customers’ needs and adapt constantly to our market environment.” ACCELE- RATION
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