From GlobeNewswire: 2025-02-28 01:30:00

FORVIA reported its FY 2024 results, with sales of €27bn, up 0.4% organically, outperforming global automotive production. Operating margin was 5.2%, generated net cash flow of €655m, and reduced net debt by €0.4bn. The 2024 consolidated financial statements were audited and approved by the Board of Directors.

For 2025, FORVIA expects sales between €26.3bn and €27.5bn, with a focus on profitability and cash generation. The company aims to reach an operating margin between 5.2% and 6.0% and generate net cash flow at least at 2024 levels. FORVIA also plans to reduce its net debt/Adjusted EBITDA ratio below 1.8x by the end of 2025.

The group is committed to restoring a solid balance sheet, aiming to reduce the net debt/Adjusted EBITDA ratio below 1.5x in 2026, supported by disposals. The 2024 key achievements included robust order intake of €31 billion, cost synergies with FORVIA HELLA, and progress on sustainability initiatives. The company also extended its group average maturity through active debt management in 2024.



Read more at GlobeNewswire:: FORVIA: FY 2024 RESULTS