Aumovio beats first-quarter profit expectations on cost cuts, improved product mix

Continental AG

07/05/2026 06:00

May 7 (Reuters) - German automotive supplier Aumovio AMV0n.DE reported a better-than-expected first-quarter operating profit on Thursday, helped by cost cuts and an improved product mix.

The company, spun off from tyre maker Continental CONG.DE last year, posted an adjusted operating profit of 106 million euros ($124.6 million), up from 93 million last year. Analysts polled by Vara had expected 102.5 million euros.

Aumovio, which manufactures brakes and safety systems, vehicle software, displays and electronics, said it has identified suitable investors for its sites in Mechelen, Belgium, and Rheinboellen, Germany.

Both transactions remain subject to regulatory approvals and are expected to close in the coming months.

($1 = 0.8509 euros)

 (Reporting by Amir Orusov; Editing by Subhranshu Sahu)

 ((Amir.orusov@thomsonreuters.com))