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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Forvia SE | TG:FAU | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.10 | 0.83% | 12.17 | 12.075 | 12.085 | 12.17 | 11.68 | 11.995 | 1,959 | 13:48:58 |
NANTERRE (FRANCE)FEBRUARY 22, 2024
CONFERENCE CALL OF FEBRUARY 21, 2024 TO ANSWER MAIN QUESTIONS RELATING TO
On February 19, FORVIA presented robust 2023 annual results, in line with the Group’s strategic priorities. The 2023 results and the guidance for 2024 confirm the Group’s capability to sustainably generate strong net cash flow, contributing to deleveraging the Group. The Group also reiterated its POWER25 objectives, including the continuation of its deleveraging priority.
During a conference call held February 21 at 3pm (Paris time) by the Company's management, Patrick KOLLER (Chief Executive Officer) and Olivier DURAND (Chief Financial Officer) confirmed guidance for 2024 and POWER25 objectives, answered questions from analysts and investors and provided the following details, complementary to the announcement of the 2023 annual results made on February 19:
About FORVIA’s 2024 guidance
About FORVIA’s DPO (Days Payable Outstanding)
About FORVIA’s reverse factoring program
About FORVIA’s EU-FORWARD project
In detail:
FORVIA confirmed its priority on deleveraging
FINANCIAL CALENDAR
PRESS | ANALYSTS/INVESTORS |
Christophe MALBRANQUEGroup Influence Director+33 (0) 6 21 96 23 53christophe.malbranque@forvia.com | Marc MAILLETGroup Investor Relations Director+33 (0) 1 72 36 75 70marc.maillet@forvia.com |
Iria MONTOUTOGroup Media Relations Officer+33 (0) 6 01 03 19 89iria.montouto@forvia.com | Sébastien LEROYGroup Deputy Investor Relations Director+33 (0) 6 26 89 33 69sebastien.leroy@forvia.com |
About FORVIA, whose mission is: “We pioneer technology for mobility experiences that matter to people”.
FORVIA, 7th global automotive technology supplier, comprises the complementary technology and industrial strengths of Faurecia and HELLA. With close to 260 industrial sites and 78 R&D centers, 153,000 people, including 15,000 R&D engineers across 40+ countries, FORVIA provides a unique and comprehensive approach to the automotive challenges of today and tomorrow. Composed of six Business Groups and a strong IP portfolio of over 13,400 patents, FORVIA is focused on becoming the preferred innovation and integration partner for OEMS worldwide. In 2023, the Group recorded consolidated sales above 27 billion euros. FORVIA SE is listed on the Euronext Paris market under the FRVIA mnemonic code and is a component of the CAC Next 20 and CAC SBT 1.5° indices. FORVIA aims to be a change maker committed to foreseeing and making the mobility transformation happen. www.forvia.com
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