By Aimee Look

Aumovio achieved a market capitalization of about $4.14 billion as the German auto-parts supplier started trading on the Frankfurt stock exchange following its spinoff from tire maker Continental AG.

Shares in Aumovio started trading at 35 euros, giving it a market capitalization of about 3.5 billion euros ($4.14 billion), based on share-count data provided by Deutsche Boerse. The stock slipped as much as 3.8% below that level in European morning trading Thursday, but later recovered.

Meanwhile, shares in Continental traded sharply lower from Wednesday's close, but were up more than 4% when adjusting for the Aumovio spinoff. This gave Continental a market value of about 11.4 billion euros, according to FactSet.

The listing of Aumovio caps the first part of Continental's three-way split. The group began preparing the spinoff of its automotive segment, which was later rebranded as Aumovio, last year and the business now operates as a separate company from Continental.

Continental in June set out plans for a sale of its ContiTech business next year, after deciding that it would make the unit independent to sharpen its focus on tire making.

Aumovio makes sensors, displays and brake and comfort systems. It employs about 93,000 people in more than 50 countries. It generated sales of 19.6 billion euros last year and achieved an adjusted operating profit margin of 2.5%.

The company said in June it was targeting sales of 20 billion to 22 billion euros and an adjusted operating profit margin of around 4% to 6% over the medium term, and that it aimed to increase them to 24 billion euros and to 6% to 8%, respectively, in the long run.

Aumovio was once Continental's crown jewel, but it has become a cash-burning drag in recent years as the industry shifted to make cars increasingly reliant on software, analysts at Bernstein wrote in a note to clients ahead of the trading debut. The auto supplier faces challenges ahead and its viability as an independent company is uncertain, according to Bernstein.

Write to Aimee Look at aimee.look@wsj.com

(END) Dow Jones Newswires

September 18, 2025 05:22 ET (09:22 GMT)

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