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Investing.com -- Shares of Autoneum fell 5% on Wednesday after the automotive supplier reported first-half 2025 results that came in slightly below market expectations.
The company posted sales of CHF1,172 million for the first half of 2025, representing a 3.4% year-over-year decline and falling 1.9% short of consensus estimates of CHF1,195 million. Organic sales declined by 4.0%, underperforming global vehicle production rates, which increased by 1.3% during the same period according to UBS estimates.
Autoneum’s EBITDA reached CHF126 million, in line with UBS expectations, while EBIT came in at CHF61.9 million with a 5.3% margin, slightly below the consensus estimate of CHF64.4 million. Group net profit before minorities amounted to CHF36.1 million, compared to consensus expectations of CHF38.0 million.
Free cash flow showed improvement at CHF48.4 million, up from CHF39 million in the prior year. Net debt stood at CHF450 million, representing 1.84 times EBITDA on a last-twelve-months basis, a seasonal increase from CHF399 million at the end of fiscal year 2024.
By region, European sales declined 7.7% organically to CHF560 million, though the company maintained stable EBIT at CHF24.5 million through cost control measures. Asian operations reported sales of CHF143 million and EBIT of CHF11.0 million, with organic sales declining 3.6%, still trailing market growth of 7.8% due to customer mix issues.
North American operations showed better relative performance with an organic decline of 2.3% compared to market decline of 4.1%, generating sales of CHF421 million and EBIT of CHF21.5 million, improving margins by 50 basis points year-over-year to 5.1%.
Autoneum confirmed its full-year 2025 guidance, projecting sales between CHF2.3-2.5 billion, an EBIT margin of 5-6%, and free cash flow of approximately CHF100 million. This guidance implies second-half sales of CHF1.23-1.33 billion and EBIT between CHF53-88 million.
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