(Refiles to make clear in lead paragraph that OPmobility is a automotive elements provider, not a automotive provider; removes extraneous duplicated phrases from CEO quote in paragraph 3.)
July 24 (Reuters) – French automotive elements provider OPmobility reported an increase in its working earnings for the primary half of 2025, boosted by the implementation of its cost-cutting measures.
The group’s working margin got here in at 260 million euros ($305 million) for the primary half of the yr, up from 234 million euros a yr in the past.
“After the tariffs’ announcement on the finish of the primary quarter, we accelerated our cost-cutting measures … enabling us to offset the consequences in the marketplace and the prices incurred by these tariffs,” CEO Laurent Favre mentioned in a name with journalists.
The corporate lowered administrative prices within the first half by 7.7% year-on-year and structural prices in its crops by between 8% and 9%, he added.
The group additionally posted a 0.4% rise in its first-half income to five.96 million euros, outperforming regional automotive manufacturing in Europe and Asia, in accordance with the S&P World Mobility forecasts revealed in July 2025.
The group nonetheless underperformed the market in North America.
“That is clearly linked to the truth that there have been manufacturing stoppages in Mexico and Canada, significantly by a few of our clients reminiscent of Stellantis, for whom we work,” Favre added.
OPmobility, which provides the three main U.S. carmakers, Normal Motors, Stellantis and Ford, famous the tariff impacts on manufacturing volumes stay comparatively restricted for the corporate at this stage, due to its places in shut proximity to its clients’ websites.
Favre additionally mentioned, within the context of firms together with Stellantis discontinuing their hydrogen programme, that others like BMW proceed to wager on the expertise.
“So we’ll proceed to achieve market share on the identical tempo because the market, with out giving precedence to particular person mobility. I do not know what is going to occur in 10 years’ time, however by giving precedence to vans, business automobiles,” Favre mentioned.
The group additionally confirmed its outlook for 2025. ($1 = 0.8513 euros) (Reporting by Mathias de Rozario in Gdansk; Modifying by Lincoln Feast and Milla Nissi-Prussak)