Forvia : Q3 sales in line, FY-24 outlook confirmed but visibility still reduced for 2025
>Q3 sales in line and full-year targets confirmed as expected - Forvia reported this morning Q3 2024 sales of € 6,357m, in line with expectations (+1.4% vs consensus at € 6,267m, ODDO BHF at € 6,271m) and therefore down 2.6% on a reported basis (-0.4% organic). With LVP down 4.6% for this quarter, the OEM is showing an outperformance of 420bp, an increase vs H1 (+290bp), as expected and driven mainly by the Seating and Interiors divisions and the Europe and North Amer...Faurecia is an automobile equipment supplier based in France. Co.'s activities can be divided into four business units: Automotive Seating (design of vehicle seats, manufacture of seating frames and adjustment mechanisms, and assembly of complete seating units); Emissions Control Technologies (design and manufacture of exhaust systems); Interior Systems (design and manufacture of instrument panels, door panels and modules, and acoustic components); and Automotive Exteriors (design and manufacture of front ends and safety modules). Some of Co.'s customers are PSA Peugeot Citroen, VW Group, Renault-Nissan, Ford Group, BMW and GM Group.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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