Forvia SE
XMUN:FAU

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Forvia SE Logo
Forvia SE
XMUN:FAU
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Price: 11.465 EUR 5.72% Market Closed
Market Cap: €3.9B

Forvia SE
Investor Relations

Forvia SE is a large automotive supplier that sells car parts and full systems to vehicle makers. The company designs and manufactures seating, interior trim, dashboards, lighting, electronics, and exhaust and emissions-control equipment. It also works on hydrogen-related components and systems, which gives it a role in both traditional car parts and newer powertrain technologies. Its main customers are global automakers and commercial vehicle makers, who buy these products for use in new vehicles. Forvia makes money by supplying parts under long-term contracts, usually tied to vehicle platforms and production schedules. Its business depends on being embedded early in the car design process, then delivering components at scale for the life of that model. What makes Forvia different is that it sits very close to the center of the auto value chain: it helps shape the interior experience of a vehicle while also supplying technical systems that support safety, comfort, and emissions control. That mix of consumer-facing cabin products and industrial hardware gives it a broad role across the vehicle, even though its business is still tied to the health of global auto production.

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Last Earnings Call
Fiscal Period
Q4 2022
Call Date
Feb 20, 2023
AI Summary
Q4 2022

Strong Revenue Growth: Sales reached €25.5 billion in 2022, up 63% year-on-year and 17% on an organic basis.

Profitability: Operating margin was 4.4% for the year, improving to 5% in the second half; EBITDA margin stood at 11.8%.

Cash Generation & Deleveraging: Net cash flow was €471 million (1.9% of sales), and net debt to EBITDA dropped to 2.6x from 3.1x in six months.

HELLA Integration: HELLA integration drove synergies, prompting upgraded cost synergy targets and strong order intake.

Disposals Achieved: Announced disposals fulfill the €1 billion non-strategic asset disposal target for 2023.

2023 Guidance: Sales expected between €25.2–26.2 billion, operating margin of 5–6%, and net cash flow above 1.5% of sales.

Inflation Management: Company expects to recover above 90% of estimated €400 million additional inflation in 2023.

No 2022 Dividend: No dividend will be paid for 2022, prioritizing deleveraging, but the company intends to resume its 40% payout policy from 2023 results.

Key Financials
Sales
€25.5B
Operating Margin
4.4%
Net Cash Flow
€471M
Net Debt to Adjusted EBITDA
2.6x
EBITDA Margin
11.8%
Net Income
€-382M
Order Intake
€31B
Disposal Program
€1B
Asia Sales
€6.2B
China Sales
€5.4B
Earnings Call Recording
Other Earnings Calls

Management

Mr. Patrick Koller
CEO & Director
No Bio Available
Mr. Olivier Durand
Executive VP & Group CFO
No Bio Available
Mr. Olivier Lefebvre
Executive VP of Group Industrial Operations & Clean Mobility
No Bio Available
Mr. Marc Maillet
Head of Investor Relations
No Bio Available
Mr. Philippe McAllister
Chief Compliance Officer
No Bio Available
Ms. Jill Greene
Executive VP, General Counsel & Secretary to the Board of Directors
No Bio Available
Ms. Victoria Chanial
Executive Vice President of Group Communications, Public Affairs & Sustainability
No Bio Available
Mr. Thorsten Muschal
Executive Vice President of North America, Sales & Program Management
No Bio Available
Mr. Jean-Pierre Sounillac
Group Executive VP & Chief Human Resources Officer
No Bio Available
Mr. Christophe Schmitte
Executive Vice President of Seating
No Bio Available

Contacts

Address
ILE-DE-FRANCE
Nanterre
23-27 Avenue des Champs Pierreux
Contacts
+33172367000
www.faurecia.com
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