Freya Group adjusts full-year financial targets due to poor business performance in China

Freya Group recently lowered its financial target for 2024 again, with revenue expected to be 26.8 billion to 27.2 billion euros and operating profit margin of 5% to 5.3%. This adjustment is mainly affected by weak demand for automobiles and the slowdown in the electrification trend. At the same time, Freya's business performance in China is not satisfactory.