Adient’s EBITDA was US$118M, up US$240M year-on-year, and its adjusted EBITDA margin was 3.6%. Cash and cash equivalents were US$1 billion on June 30, 2021, while gross debt and net debt totalled US$3.75 billion and US$2.75 billion respectively.

Macro headwinds that continue to impact the industry means that Adient have reported that they are placing increased downward pressure on expected FY21 revenue and earnings.