on OPMobility (EPA:OPM)
OPmobility Reports Q3 2024 Revenue Growth amid Market Decline
OPmobility posted a strong revenue performance in Q3 2024, with economic revenue reaching €2,746 million, a 3.6% increase year-on-year and a 4.7% rise like-for-like. This growth notably surpassed the market average by 9.5 points, despite a 4.8% drop in global automotive production. The North American market spearheaded this growth, with robust momentum reinforced by the company’s ongoing geographical diversification.
The Modules business group was a significant growth driver, posting a 22.8% rise in revenues due to increased volumes at the Austin plant and in European facilities. Despite challenges, OPmobility confirmed its financial targets for 2024, focusing on sustainable mobility and technological innovation.
OPmobility’s commitment to sustainability was acknowledged with an upgraded ESG rating from “A” to “AA” by MSCI ESG Ratings, positioning the company among industry leaders. The firm continues its strategic push in mobility decarbonization, strengthening its market presence and ensuring future growth opportunities.
R. P.
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