OPmobility Reports Q1 Revenue Dip Amid Automotive Industry Slowdown

French car parts supplier OPmobility reported a slight decline in first-quarter 2026 revenue, highlighting ongoing challenges in the global automotive industry. The company posted revenue of 2.83 billion euros ($3.34 billion), reflecting a 0.4% drop on a like-for-like basis compared to the same period last year, when it recorded 2.98 billion euros. Despite the dip, OPmobility managed to outperform global automotive production trends, which saw a sharper decline of 3.4%, according to recent S&P Global Mobility forecasts.

The decrease in revenue was largely driven by weaker performance in Europe, where the company underperformed relative to regional automotive production levels. CEO Félicie Burelle attributed the slowdown to economic uncertainty, shifting market conditions, and delays in launching several key programs. These delays have particularly affected OPmobility’s exteriors division, which focuses on producing components such as bumpers and tailgates.

Looking ahead, the company expects the slower pace of new product launches to persist in the near term, especially compared to last year’s stronger rollout schedule. However, OPmobility anticipates improvements in the second quarter as its lighting division begins to benefit from new product introductions tied to its growing order book following acquisitions completed in late 2022.

In contrast to Europe, OPmobility reported stronger performance in North America and Asia, where it outpaced local automotive production. The company continues to expand its presence in these regions to offset ongoing weakness in the European market. Burelle also expressed a cautious outlook, suggesting that Europe may not return to previous production levels.

Strategically, OPmobility is moving forward with growth initiatives, including plans to acquire a controlling stake in Hyundai Mobis’ lighting business by the end of 2026. Additionally, it aims to expand its Chinese joint venture, YFPO, into module assembly and decorative lighting during the second quarter. The company confirmed that geopolitical tensions, including the Iran conflict, had no impact on its first-quarter performance and maintained its full-year financial outlook.