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• Adjusted sales: 878 million US dollars, a little less than year.

• Packed EBIT: 131 million US dollars with a margin of 14.9%, by 170 basis points compared to the first quarter of 2024.

• Adjusted free cash flow: 36 million US dollars meet expectations.

• Net sales: Removement by $ 37 million compared to the previous year, a decrease of 4% on a reported basis and 2% on a constant currency base.

• Liquidity position: 760 million US dollars, including 630 million US dollars in revolving credit facility capacity and $ 130 million of unrestricted cash.

• Share buyback: Bought back 30 million US dollars.

• Quarterly dividend: Paid $ 12 million, a second quarterly dividend.

• 2025 Outlook: Net sales of 3.4 billion US dollars, net profit of $ 232 million, adjusted EBIT of $ 457 million and adjusted free cash flow of $ 345 million.

Appearance date: May 1, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Garrett Motion Inc (Nasdaq: GTX) achieved an adapted EBIT margin of 14.9%, by 170 basis points compared to Q1 2024, which was carried out on cost measures in 2024.

• The company recorded strong growth of the sales of petrol turbo with an increase in the quarter by 6%, especially new starts and wounds in North America.

• Garrett Motion Inc (Nasdaq: GTX) secured three new victories in China and North America for turbo-charged, spatial electric vehicles and plug-in hybrids.

• The company achieved a significant milestone by securing its first series production price for high-speed-e engine and inverter technology with Hyundai.

• Garrett Motion Inc (Nasdaq: GTX) included a strong liquidity position with 760 million US dollars, including a refinanced term loan with better pricing and extended maturity.

• The net turnover decreased by $ 37 million compared to the previous year, by 4% on a registered basis and 2% on a constant currency base, mainly due to diesel softness and lower industry production in Europe.

• The company had less demand for commercial vehicles and Aftermarket applications.

• Foreign fluctuations led to a decline in sales of $ 21 million or 2%.

• The effects of new and future tariffs on the global economy are uncertainty, which could have a negative impact on the demand for turbos.

• The adapted free cash flow was lower one after the other and reflected the times with certain operating capital elements.

Q: Can you explain the dynamics of new starts and ramps in North America in more detail because you have not affected significantly? A: Sean Deason, CFO: The mix in North America requires caution when analyzing the income from the segment. The turnover of petrol increases, driven by North America and the common demands in Europe. In North America, however, there are offsets, especially in commercial vehicles and aftermarket that had dropped slightly.