OPmobility unveils plan to deal with tariffs impact, share rises

Opmobility SE

23/04/2025 08:19

** Shares in OPmobility OPM.PA rise 6.1%, to the top of SBF120 .SBF120 index, as the French car parts supplier announced plan to deal with U.S. tariffs and outperformed the market in Q1

** The group implements cost reduction measures, with planned savings in operating costs, CEO Laurent Favre says in a call with journalists

** It will also slow down investments with a target of a 5% to 10% investment reduction compared to usual levels, he says

** "The Group's solid performance in Q1 2025, combined with encouraging indications on volumes from its customers, comforts OPmobility in maintaining its outlook for 2025," J.P. Morgan analysts say in a note

** The group reported its Q1 consolidated revenue at 2.69 billion euros ($3.06 billion), outperforming the global automotive production according to the S&P Global Mobility forecasts published earlier this month

** Shares in OPmobility are on track for their best day since March 25

($1 = 0.8786 euros)

 (Reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@thomsonreuters.com;))