AUMOVIO Spin-off Success
The AUMOVIO spin-off was successfully executed with a significant market cap increase of EUR 700 million on the first day, reaching EUR 2.4 billion, approximately 15% growth in 7 weeks.
Strong Organic Growth in Tires
The Tires division experienced a 3.7% organic growth, driven by a strong performance in North America and APAC regions.
Improved Leverage Ratio
The company's leverage ratio improved to 2.2%, with expectations to further deleverage by year-end.
Operational Performance Improvement
Operational performance improved with a slight increase in adjusted free cash flow from EUR 157 million to EUR 169 million, despite prior year one-off payments.