Michigan, US – Sales fell by 4.5% at seatmaker Adient in the first quarter of its 2025 financial year, which ended on 31 December 2024, dropping to $3.49bn from $3.66bn in the previous year’s quarter. Adjusted EBITDA fell more sharply, with the 2025 quarter’s $196m representing a 9.3% decline on the $216m reported in Q1 2024.
The company attributed the drop to continued volume headwinds in EMEA. It also cited unfavourable core customer production volumes and mix in Asia. Earnings were in line with expectations for the quarter, it said.
Looking regionally, adjusted EBITDA was up 6.3% in the Americas, rising to $85m from the 2024 quarter’s $80m. Favourable volume and mix had a positive effect, as did better performance in freight and launch costs. There was a 2.6% drop, from $114m to $111m in Asia, with the volume/mix headwinds in China mostly offset by improved business performance, with efficiencies in material margin and lower launch costs, aided by currency effects.
However, the picture was a lot less rosy in EMEA, with a 51% decline in adjusted EBITDA from $45m in the first quarter of 2024 to just $22m in the 2025 quarter. This, the company said, was primarily the result of significantly reduced customer production volumes in the region. It added that restructuring activities started to gain traction during the quarter, with business performance turning slightly positive.
“The team remains focused on what we can control,” said Jerome Dorlack, the company’s president and CEO. “The Adient operating model continues to allow us to drive higher levels of business performance amid industry volume headwinds.”
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