AUMOVIO reported adjusted first-half 2026 sales of $9.9 billion (€8.6 billion), down 8.9 percent from $11.0 billion (€9.5 billion) a year earlier, with adjusted EBIT falling 39.8 percent to $181 million (€157 million). The Frankfurt-based supplier’s half-year results absorb the accounting effects of its recently announced settlement agreement with BMW, which resolved all pending legal proceedings between the two companies and extended their brake and electronics supply relationship. Excluding those effects, the company says its second-quarter adjusted EBIT margin of 3.5 percent would have matched the prior-year level.
Highlights
- Adjusted H1 2026 sales of $9.9 billion (€8.6 billion), down 8.9 percent year-on-year; Q2 sales of $4.9 billion (€4.2 billion), down 10.0 percent
- Q2 adjusted EBIT of $58 million (€50 million) as reported; $176 million (€152 million) and a 3.5 percent margin excluding BMW settlement effects
- Normalized free cash flow rose 34.1 percent to $131 million (€113 million) in the first half
- Full-year guidance narrowed: adjusted sales of $19.6–20.2 billion (€17.0–17.5 billion) and an adjusted EBIT margin of 3.0 to 4.0 percent
Settlement Effects Concentrate in the Second Quarter
In the second quarter, AUMOVIO generated adjusted consolidated sales of $4.9 billion (€4.2 billion) against $5.4 billion (€4.7 billion) a year earlier. Reported adjusted EBIT of $58 million (€50 million) produced a 1.2 percent margin, down from 3.5 percent in Q2 2025.
The company attributes the gap largely to the BMW agreement, announced July 30, 2026, with payments due in the second half of the year. Stripping out those accounting effects, AUMOVIO says Q2 sales would have reached $5.0 billion (€4.3 billion), adjusted EBIT $176 million (€152 million), and the margin 3.5 percent — level with the prior year.
“We have reached a long-term agreement with BMW that concludes a legal dispute, strengthens our technology partnership, and paves the way for new projects with a planned order volume of well over one billion euros. At the same time, we have made important progress in efficiency and competitiveness and further strengthened our operational capabilities. We are continuing this course and are deliberately positioning AUMOVIO toward growth areas. For example, we are advancing a scalable autonomous system for commercial trucks together with Aurora and have established a new innovation process to focus on fast time-to-market of selected initiatives,” said Philipp von Hirschheydt, CEO of AUMOVIO.
How Did the Business Areas Perform?
Safety and Motion — the business area housing AUMOVIO’s brake systems portfolio — remained the company’s largest by sales but carried the settlement’s weight. The company says its adjusted EBIT decline was mainly due to special effects related to the BMW agreement.
| Business Area | H1 2026 Sales | H1 2025 Sales | H1 2026 Adj. EBIT | H1 2025 Adj. EBIT |
|---|---|---|---|---|
| Safety and Motion | $3.9B (€3.4B) | $4.3B (€3.7B) | $34M (€29M) | $180M (€156M) |
| Architecture and Network Solutions | $2.8B (€2.4B) | $3.0B (€2.6B) | $164M (€142M) | $118M (€102M) |
| Autonomous and Commercial Mobility | $1.6B (€1.4B) | $1.8B (€1.6B) | -$16M (-€14M) | -$2M (-€2M) |
| User Experience | $1.6B (€1.4B) | $1.7B (€1.5B) | $16M (€14M) | $13M (€11M) |
Architecture and Network Solutions delivered the standout improvement, lifting adjusted EBIT by $46 million (€40 million) despite a 6.1 percent sales decline the company ties to lower European and U.S. volumes and adverse currency effects. User Experience improved profitability through cost management even as competitive pressure from Asia weighed on sales.
Guidance Narrowed, Capital Allocation Strategy Published
Citing the half-year results, the BMW settlement effects, and continued weak production volumes forecast for Europe, North America, and China, AUMOVIO tightened its full-year outlook. The company posted strong profit gains in fiscal 2025, and the revised bands trim the upper end of that year’s original 2026 guidance.
| Metric | Revised 2026 Guidance | Previous Guidance |
|---|---|---|
| Adjusted sales | $19.6–20.2B (€17.0–17.5B) | $19.6–21.4B (€17.0–18.5B) |
| Adjusted EBIT margin | 3.0–4.0% | 3.5–5.0% |
| Normalized free cash flow | $578–809M (€500–700M) | $578–924M (€500–800M) |
AUMOVIO also published a capital allocation strategy prioritizing a strong balance sheet, investment in profitable organic growth, and a reliable dividend policy, with excess free cash flow after dividends and inorganic investments intended for share buybacks. The company reports an equity ratio of 52.9 percent, net liquidity of $1.4 billion (€1.2 billion), and a $2.9 billion (€2.5 billion) revolving credit line available until September 2029.
“We expect the weak market development, which has weighed on our results in the first half of the year, to continue. In addition, special effects are impacting our results. For these reasons, we are refining our guidance for sales and cash flow and adjusting our forecast for the EBIT margin. The progress in several business areas, as well as the positive development of our normalized free cash flow, demonstrates that our measures are paying off. We will continue to build on this in the second half of the year,” said Jutta Dönges, CFO of AUMOVIO.
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