2025 results demonstrate ongoing margin improvement and deleveraging, backed by strong cash flow generation

(All figures presented are before IFRS 5 application, unless stated otherwise)
 

• Sales of €26.2bn as reported, or €27bn at constant currency (flat year-on-year)
• Operating margin at 5.6% of sales, up 40bps vs 2024
• Net cash flow of €962m, up 47% vs 2024
• Net debt/adjusted EBITDA 1.7x vs 2.0x at end-2024, with net debt down €0.6bn to €6.0bn

Full-year net loss of €2.1 billion (after IFRS 5 application), mostly reflecting non-cash exceptional charges related to portfolio transformation and rationalization
 

Planned divestiture of Interiors Business Group, key step in sharpening portfolio focus and strengthening the Group’s financial profile

• Advanced negotiations underway with several parties 
• Transaction would reduce net debt by at least €1bn

2026 Outlook: profitability gain and deleveraging to 1.5x amid softer sales

Martin FISCHER, Chief Executive Officer of FORVIA, declared:

" Rigorous execution on our three strategic priorities — delivering performance, driving business transformation and invigorating our culture — has delivered tangible results in 2025 and laid a solid foundation as we start a new chapter in FORVIA’s journey.

The strength and quality of our 2025 underlying results reflect the outstanding commitment of our teams and our unwavering focus on disciplined execution. Sustained improvement in operating margin and cash flow generation has enabled a significant reduction of our financial leverage. 

We also took decisive initiatives in a transformative phase for FORVIA, reshaping our portfolio and sharpening our strategic focus. The planned divestiture of our Interiors Business Group, now in advanced negotiations, would mark a major milestone in refocusing the Group on the domains where we are best positioned to win and create long-term value. Upon completion, the transaction is expected to reduce our net debt by more than €1 billion and further strengthen our financial profile.

These strategic steps have resulted in significant non-cash exceptional charges in our 2025 accounts, reflecting clear and disciplined portfolio decisions. While they weigh on reported net income, they are fully aligned with our objective to simplify the Group, enhance resilience and position FORVIA for sustainable value-creation. 

With these foundations firmly in place, today’s Capital Markets Day marks the next step in our transformation. We are presenting our new strategic roadmap, with a clear commitment to drive what matters and unlock FORVIA’s next phase of value creation.”