Brief: OPmobility Adjusts Roadmap, Sees 2026 Margin At 430-450 Mln Euros
BRIEF-OPmobility Adjusts Roadmap, Sees 2026 Margin At 430-450 Mln Euros Oct 7 (Reuters) - Opmobility SE OPM.PA:
ADJUSTS ROADMAP AND 2026 TARGETS TO SUPPORT AUTOMOTIVE MARKET TRANSFORMATION (CORRECT COMPANY NAME)
OPMOBILITY EXPECTS 2026 OPERATING MARGIN EUR 430-450M, FREE CASH FLOW ABOVE EUR 220M (CORRECT COMPANY NAME)
NOW EXPECTS OPERATING MARGIN OF BETWEEN 430 AND 450 MILLION EUROS AND FREE CASH FLOW IN EXCESS OF 220 MILLION FOR 2026
REAFFIRMS TARGET OF REDUCING NET DEBT BY END OF 2026 COMPARED WITH END OF 2025
PLANS WOULD RESULT IN THE LOSS OF AROUND 460 JOBS IN GERMANY AND 310 JOBS IN FRANCE
ANTICIPATES RESTRUCTURING COSTS OF BETWEEN €120 AND 130 MILLION FOR THE 2026 FINANCIAL YEAR, RELATING TO ALL OF THESE INITIATIVES AIMED AT ADAPTATION AND COMPETITIVENESS
Source text: Here
Further company coverage: OPM.PA
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