Gasgoo Munich- AUMOVIO Group released its first-half 2026 financial results on August 6. Despite a persistently challenging market environment, the supplier made steady operational progress and confirmed its full-year outlook.
Image Source: AUMOVIO
On July 30, the company announced an agreement with BMW to resolve a long-running legal dispute, clearing the way for future collaboration on new projects. Accounting related to that settlement weighed on first-half performance, with payments scheduled for the second half.
Adjusted sales for the first half of 2026 reached 8.6 billion euros, down 8.9% year-on-year, while adjusted EBIT stood at 157 million euros for a 1.8% margin. In the second quarter, adjusted sales hit 4.2 billion euros with an adjusted EBIT of 50 million euros, yielding a 1.2% margin. However, AUMOVIO noted that stripping out specific accounting impacts, second-quarter adjusted sales would have been 4.3 billion euros and adjusted EBIT 152 million euros — a 3.5% margin that matches the same period in 2025.
Breaking down by business group, the Autonomous & Mobility division generated 1.4 billion euros in sales, slipping 12.7% due to weaker U.S. volumes and currency fluctuations. Architecture & Connectivity sales fell 6.1% to 2.4 billion euros, yet adjusted EBIT climbed 40 million euros to 142 million euros. Safety & Dynamic Control reported sales of 3.4 billion euros — a 9.6% drop — with adjusted EBIT falling 127 million euros year-on-year to 29 million euros. Meanwhile, User Experience sales declined 6.3% to 1.4 billion euros, while adjusted EBIT rose to 14 million euros.
On the balance sheet, AUMOVIO held an equity ratio of 52.9% at the end of the first half, backed by 1.2 billion euros in net liquidity and a 2.5 billion euro revolving credit facility. Standardized free cash flow improved by 29 million euros year-over-year, reaching 113 million euros.
Separately, AUMOVIO outlined its capital allocation strategy, prioritizing a robust balance sheet, investment in profitable organic growth, a reliable dividend policy, and the return of excess free cash flow through share buybacks.
Citing first-half performance, the BMW settlement, and current market conditions, AUMOVIO updated its 2026 full-year outlook. The company now projects adjusted sales of 17 billion to 17.5 billion euros, down from a previous range of 17 billion to 18.5 billion euros. The adjusted EBIT margin forecast was trimmed to 3.0% to 4.0% from 3.5% to 5.0%, while standardized free cash flow is expected to land between 500 million and 700 million euros, revised from 500 million to 800 million euros. AUMOVIO cited declining global vehicle production forecasts, geopolitical tensions, and trade policy uncertainty as factors keeping the market environment under pressure.
