Outperforming the Market and Delivering Stronger Returns

Dear shareholders,

In the first half of 2026, Autoneum delivered profitable growth through consistent execution of its strategic priorities, further strengthening profitability and cash generation. Against a backdrop of modestly lower global vehicle production, the Group improved its financial performance and capital efficiency through disciplined cost control, operational excellence, continued strategy execution, and the successful commercialization of innovative solutions.

Translating Growth into Higher Earnings

In the first half of 2026, Group revenue in local currencies increased by 3.0%, supported by the expanded business footprint in China. Organically, revenue increased by 0.1% in the first half, outperforming the global automotive market, which declined by 1.0%*. Consolidated revenue in Swiss francs amounted to CHF 1’155.0 million, representing a decline of 1.4% compared to the prior-year period (CHF 1’171.6 million) due to the continued appreciation of the Swiss franc and resulting negative currency translation effects.

Autoneum significantly enhanced its earnings performance, with the EBIT margin rising to 6.0% (prior-year period: 5.3%) and EBIT increasing to CHF 69.8 million from CHF 61.9 million in the prior-year period. Earnings per share rose to CHF 5.42 in the first half of 2026 from CHF 5.16 in the prior-year period, demonstrating the Group’s ability to consistently translate operational improvements into stronger earnings.

Strong Cash Generation

Cash flow generation remained strong in the first half of 2026. Free cash flow amounted to CHF 58.6 million, compared to CHF 16.1 million in the prior-year period, which was affected by an acquisition-related net cash outflow of CHF 32.3 million. The performance in the first half of 2026 was mainly supported by increased profitability as well as favorable changes in net working capital compared to the prior-year period.

Regional Business Development

Across regions, the Group’s improved profitability in the first half of 2026 was driven by strong contributions from Business Groups Europe, North America and SAMEA, more than offsetting a temporary margin dilution in Asia.

Business Group Europe

In a slightly growing market (0.3%*), revenue in local currencies increased by 2.1%, outperforming market development. Revenue in Swiss francs rose slightly to CHF 561.8 million (prior-year period: CHF 560.4 million). EBIT increased to CHF 33.4 million (prior-year period: CHF 24.2 million), with the EBIT margin improving to 5.9% (prior-year period: 4.3%), supported by the benefits of structural adjustments implemented in recent years, operational improvements and a continued alignment of the cost base.

Business Group North America

Against a declining market (0.7%*), revenue in local currencies decreased by 3.5%, reflecting volume pressure and model mix. Revenue in Swiss francs declined to CHF 377.2 million (prior-year period: CHF 421.0 million), also impacted by adverse currency effects. EBIT rose to CHF 24.4 million (prior-year period: CHF 21.5 million), resulting in an improved EBIT margin of 6.5% (prior-year period: 5.1%), driven by operational improvements, disciplined pricing and a favorable business mix.

Business Group Asia

In a contracting market (–0.8%*), revenue in local currencies increased by 14.1%. This growth was supported by the recent acquisitions in China. Consolidated revenue in Swiss francs rose to CHF 155.7 million (prior-year period: CHF 143.4 million). EBIT amounted to CHF 7.9 million (prior-year period: CHF 11.0 million), with the EBIT margin at 5.1% (prior-year period: 7.7%), reflecting integration effects from the recent acquisitions, continued price pressure and start-up costs associated with the new plants in Wuhu and Anqing, China. While these factors temporarily diluted margins, they are expected to support future growth and further strengthen Autoneum's market position in China. The integration process of the two acquisitions is progressing according to plan, and additional synergies are expected to materialize over the coming quarters.

Business Group SAMEA (South America, Middle East & Africa)

In a significantly declining market (–6.1%*), revenue in local currencies increased by 32.5%, driven by inflation-related price adjustments and new serial production launches. Revenue in Swiss francs rose to CHF 68.2 million (prior-year period: CHF 54.8 million). EBIT increased to CHF 9.8 million (prior-year period: CHF 8.0 million), while maintaining a robust EBIT margin of 14.4% (prior-year period: 14.7%).

Disciplined Execution of Strategic Priorities

The consistent implementation of Autoneum’s strategic priorities is increasingly reflected in its financial performance: While global light vehicle production remained subdued, the Group continued to outperform the market through disciplined cost control and ongoing efficiency improvements, reinforcing Autoneum’s competitive position and resilience. The Group further strengthened its position in Asia, benefiting from its increasing exposure to Chinese vehicle manufacturers, which continued to gain market share globally.

Autoneum also continued to optimize its global footprint, cost structure and resource allocation. As of June 30, 2026, the Group employed 16’101 people worldwide, compared to 16’407 at the prior-year end.

Advancing Innovation and Sustainability

The Group sees innovation as a key pillar in delivering profitable growth and competitive differentiation. As a focused industrial company, Autoneum concentrates its R&D activities on application-driven innovation and customer-specific solutions, enabling a highly efficient use of resources.

In the first half of 2026, the Group further expanded its portfolio of solutions for electric mobility, including the launch of a textile frunk solution that enables optimized space utilization and weight reduction. In addition, Autoneum presented a battery lid at The Battery Show 2026 in Stuttgart, Germany, which enhances the thermal and acoustic performance of the battery system, improves vehicle efficiency and supports OEMs in optimizing overall vehicle performance. These developments underscore Autoneum’s position as a technology leader in acoustic and thermal management solutions, combining high-performance, lightweight and sustainable materials that create measurable value for OEMs.

In addition, the Group continued to advance its decarbonization roadmap. In line with its commitment to increase the share of renewable energy across its global operations to 25% by 2027 (2025: 22.4%), the Volduchy plant in Czechia launched a solar panel project with production scheduled to start in 2027. This initiative builds on existing installations at sites such as Setúbal (Portugal), Genk (Belgium), A Rúa (Spain) as well as Taubaté and Gravataí (Brazil), underscoring the systematic rollout of solar energy solutions across Autoneum’s footprint. In addition to reducing emissions, these initiatives support lower energy costs and enhance the resilience of the Group’s global operations.

Autoneum Confirmed as a Top Employer in Switzerland in 2026

People remain a key enabler of Autoneum's long-term success. Reflecting its continued focus on talent development and employee engagement, Autoneum's Swiss headquarters in Winterthur was once again certified as a Top Employer in 2026. The renewed certification reflects the continued development of Autoneum’s people policies and its focus on fostering a high-performance and inclusive work environment. By further strengthening employee engagement, leadership development, and organizational effectiveness, Autoneum continues to strengthen its attractiveness as an employer and support the long-term success of the Group.

Financial Highlights

Outlook

Looking ahead, global light vehicle production is expected to decline by 2.1%* in 2026. Regional market developments are expected to remain uneven throughout the remainder of the year, with production levels under pressure across Europe, North America and Asia, while demand in SAMEA is likely to be more volatile. Beyond 2026, market conditions are expected to gradually improve as production volumes recover.*

While energy markets have partly stabilized and oil prices have slightly eased, Autoneum continues to see a risk of inflationary pressure on raw material costs, which are expected to be passed on to customers. At the same time, the Group's increasingly diversified customer portfolio and strengthened position with Chinese vehicle manufacturers provide additional resilience in a market environment characterized by regional differences.

Against this market backdrop, Autoneum remains confident in its ability to outperform the market through disciplined execution, operational excellence, innovation leadership, strong cash generation and an increasingly diversified customer portfolio.

Improved Guidance 2026

The Group reaffirms its full-year revenue guidance of CHF 2.2 to CHF 2.4 billion and raises its EBIT margin guidance to 5.7%–6.2% as well as its free cash flow guidance to more than CHF 110 million.

The Board of Directors and the Group Executive Board would like to thank our shareholders, customers, and business partners for their continued trust. We also extend our sincere appreciation to our employees worldwide for their commitment and contribution to Autoneum’s performance.

Winterthur, July 28, 2026