Aumovio targets stable 2026 margins and more job cuts
Aumovio expects a stable operating margin this year despite a widening net loss. The firm will cut 1,500 more jobs and close two plants to improve efficiency.
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Germany-based automotive supplier Aumovio SE, which was spun off from Continental AG last year, expects its operational profitability to remain broadly stable through 2026 despite a challenging industry environment. The company announced on Wednesday an adjusted operating profit margin forecast of 3.5% to 5% for 2026, compared to 3.9% in the previous year. This outlook aligns closely with analyst expectations, which had averaged a 4.4% margin for the period.
