Hong Kong · Delayed Price · Currency is HKD Nexteer Automotive Group Earnings Call Transcripts
Fiscal Year 2025
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Record 2025 revenue of $4.6B was driven by strong APAC growth, new program launches, and Steer-by-Wire wins. EBITDA rose 11.2% and net profit reached $102M, with a doubled dividend payout. 2026 guidance calls for above-market growth and margin expansion, led by APAC.
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Record H1 2025 revenue of $2.2B (+6.8% YoY) driven by APAC growth and new tech launches. EBITDA rose 16.8% to $230M, net profit quadrupled, and $1.5B in new bookings secured. On track for $5B bookings in 2025, with strong APAC momentum and tariff mitigation plans.
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Record Q1 program launches and strong bookings, especially with China OEMs, drive above-market growth. Tariff risks are actively managed, with North America and APAC showing robust performance and margin expansion.
Fiscal Year 2024
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Record 2024 revenue of $4.3B was driven by APAC growth and new program launches, with EBITDA up 22.5% and net profit up 68%. Margin expansion and strong bookings position the company for above-market growth in 2025, despite tariff and market risks.
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Record 38 program launches and $2.1B in bookings drove flat revenue and higher EBITDA in H1 2024, with strong APAC growth offsetting North America declines. Full-year revenue is expected to outperform a declining global auto market, with EBITDA margin set to exceed 10%.