Forvia: organic growth exceeds 3% in Q1

(CercleFinance.com) - Forvia has announced sales of E6.
53bn for Q1 2024, down 1.7% as reported, although up 3.1% on an organic basis, representing an outperformance of 390bp over global automotive production.

The equipment supplier points out that around 530 bp of this outperformance is due to volume, mix and price effects, curtailed by around 140 bp due to an unfavourable regional mix. All businesses outperformed.

Also announcing a robust order intake of E6.5bn over the period (+E1bn y-o-y), Forvia confirms its financial targets for 2024 and says it is well on the way to achieving the "Power 2025" ambition.


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