Forvia : Sometimes no news is good news
>In-line print, enough to be reassuring these days for suppliers - Forvia has reported Q1 2024 sales of € 6,531m, in line with expectations (€ 6,461m) and down 1.7% on a reported basis. This time, no drama like at the full-year release, and a release that contained no bad news and deemed reassuring (notably after Continental earlier). As expected, positive organic growth (+3.1%, an outperformance of 390bp) was more than offset by FX headwinds (-4.2%) and the slightly ...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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