Forvia : Set to take a break given a less favourable environment
>A good year in 2023… - As the one of best performers among auto suppliers in Europe this year (+29% YTD), despite the recent sell-off, Forvia benefited, as we expected, from 1/ the realisation of its € 1bn disposal plan, staving off the risk of another capital increase that had pressured the stock; 2/ the improvement in the environment and particularly in light vehicle production growth (+6% expected now vs 2% initially). The group is also expected to turn in robust ...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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