Autonomous trucking - earnings machine?

研报英文原文证据摘录

Autonomous trucking - earnings machine?

Deutsche Bank

Research

Rating Company Date

Buy Aumovio 18 June 2026

Company Update

Europe

Germany

Reuters Bloomberg Exchange Ticker Price at 16 Jun 2026 (EUR) 41.30

AMV0n.DE AMV0 GR GER AMV0n

Price Target (EUR) 55.00

Autos

52-week range (EUR) 50.00 - 33.34

Auto Parts

Autonomous trucking - earnings

Valuation & Risks machine?

Christoph Laskawi

Spotlight on Aumovio's partnership with Aurora - can it become an earning Research Analyst

machine? +49-69-910-31924

The autonomous trucking contract is one of the most important contracts for long

term targets in Aumovio's Autonomous Commercial Mobility division and as the Nicolai Kempf

Research Analyst

SOP comes closer catches more attention from the market. We provide an overview

+49-162-5168792

of the contract structure and model the long term potential of the contract itself.

While we see the opportunity for sizeable margin accretion from a successful high Nikita Papaccio

scale roll out, we do not see the contract moving the dial on the long term topline Research Analyst

target of more than EUR6bn in revenues. Overall, we see the cooperation as a binary +49-69-910-48637

outcome with high scale leading to sizeable earnings growth and creating a cash/ Tim Rokossa

earnings machine while low scale adoption carries the risk of significant write Head of European Equity Research

downs. We remain positive on Aumovio seeing significant upside for shares thanks +49-69-910-31998

to its earnings growth and cash generation potential. Confirm Buy with target price Mira Wiegratz

of EUR55. Research Associate

+49-69-9103-1733

What has been published by the companies:

Continental Automotive announced a EUR4.8bn order intake for the contract with