Forvia : Reassuring clarifications on the end of the year, but not yet further out …
>A significant warning, but mostly expected and even apparently hoped for by many - A few hours after Hella, Forvia on Friday morning announced it was downgrading its full-year outlook given the worsening environment in H2 and, more generally, a higher level of caution on the part of management in what remains an extremely uncertain context. While cuts are set to be significant (>10% for EBIT and FCF 2024), they were not completely unexpected after the recent negative...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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