Finance
Press Release
Finance
Press Release
FORVIA full-year 2024 guidance update & accelerated measures to improve 2025 performance
FORVIA ADJUSTS ITS FULL-YEAR 2024 GUIDANCE TO REFLECT LOWER PRODUCTION OUTLOOK AND UNCERTAIN ENVIRONMENT
- Sales guidance revised to between €26.8bn and €27.2bn at updated estimated 2024 average exchange rates.
- Operating margin guidance revised to between 5.0% and 5.3% of sales.
- Net Cash Flow (NCF) guidance revised to ≥ €550m.
- Net debt/Adjusted EBITDA ratio guidance revised to ≤ 2.0x at year-end.
ACCELERATION OF INITIATIVES TO IMPROVE PERFORMANCE IN 2025 IN A CHALLENGING ENVIRONMENT
DELEVERAGING KEY TARGET OF NET DEBT/ADJ. EBITDA RATIO < 1.5x AT END-2025 REMAINS UNCHANGED, SUPPORTED BY DISPOSAL PROGRAM UNDERWAY
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