Finance
Press Release
On track with POWER25 objectives
FORVIA a profitable group with strong sales growth focused on driving positive change in the automotive industry for the benefits of its stakeholders.
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Combined General Meeting 2024
30th May, 2024
10h00 AM CET
in Nanterre, France.
Follow the session on our webcast.
10h00 AM CET
in Nanterre, France.
Follow the session on our webcast.
Business
FORVIA financial information 2023
€27,248m
Sales
(+ 14% vs 2022)
(+ 14% vs 2022)
5.3%
Operating margin
(+ 100bps vs 2022)
(+ 100bps vs 2022)
€649m
Net cash flow
(+40 bps vs €484m in 2022)
(+40 bps vs €484m in 2022)
2.1ₓ
Net debt/Adj. EBITDA
ratio (-0.6x vs 2022)
ratio (-0.6x vs 2022)
2023 Full-Year Results
2023 full-year results have been presented by Patrick Koller, CEO of FORVIA, and Olivier Durand, CFO of FORVIA, on February 19th, 2024.
Find the presentation, the replay and the main announcements of the event.
FORVIA: the combination of Faurecia and HELLA
Since 2022, FORVIA has held a majority stake in the German automotive supplier HELLA, which is listed on the stock exchange.
With cumulative sales of over 27 billion euros and 153,000 employees, FORVIA has become the world's seventh-largest equipment manufacturer.
A financial performance compliant with Sustainability
FORVIA has become the first automotive player with a net-zero target approved by the Science Based Targets initiative (SBTi), recognizing our efficiency and leadership in this field.
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