Nexteer Automotive HY revenue, profit rise on strong demand, higher prices

Nexteer Automotive

12/08/2026 11:17

Overview
Automotive steering systems maker's fiscal half-year revenue rose yr/yr
Net income attributable to equity holders increased compared to prior yr period
Results are unaudited and for the fiscal half-year ended June 30, 2026

Outlook
Nexteer Automotive did not provide specific guidance or outlook in the press release.

Result Drivers
HIGHER REVENUE - Revenue rose on higher selling prices and as North America and EMEASA exceeded their markets growth
INCREASED PROFIT - Gross profit rose mainly due to higher revenue and improved operating, but expenses also increased

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
$2.33 bln
 
H1 Net Income Attributable
 
$85.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for Nexteer Automotive Group Ltd is HK$7.15, about 59.6% above its August 12 closing price of HK$4.48
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
Aug 11 - UK's ECARX Q2 revenue rises 45%, net loss narrows
Aug 11 - Germany's STS Group H1 revenue rises 9.3%, EBITDA up 35%
Aug 11 - Canada's Westport Q2 revenue falls as Heavy-Duty OEM segment ended transitional service agreement

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)