Report
Joan Sehim

Forvia : Un sentiment dégradé pour 2024

Les obligations EOFP (Ba2/BB) ont largement surperformé depuis le début d’année (+9-15% en total return vs +6.0% pour l’indice BofA BB Euro), traduisant une production automobile mondiale plus importante en 2023 qu’attendu, la poursuite du redressement des résultats post-pénuries et le succès du premier programme de cession d’actifs. Cependant, le sentiment s’est à nouveau nettement dégradé sur le secteur automobile. D’une part, la demande fléchit, particulièrement sur les véhicu...
Underlying
Faurecia SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Joan Sehim

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