Robust Q1 sales with organic growth of 2.1%

Driving structural performance in a volatile environment

Full-year guidance confirmed

Sales outperformance of 80bps despite a strong unfavorable geographic mix

o    Growth driven by Electronics and Seating
o    Ongoing acceleration with Chinese OEMs, notably with BYD

2026 maturities largely refinanced. Next significant maturities in 2027

Actioning levers to support performance

o    Further progress of EU-FORWARD initiative to enhance Europe’s
competitiveness
o    Fast implementation of action plan to turn around underperforming platforms
and to mitigate direct impacts of US enacted tariffs
o    Maximized flexibilization of production costs and additional fixed costs and
capex reduction to anticipate volumes decrease
 

2025 full-year guidance confirmed

Martin FISCHER, Chief Executive Officer of FORVIA, declared:

“In a challenging environment, FORVIA achieved a strong commercial performance in the first quarter. This is a testimony of the strength of our market positioning.
Restoring our financial structure through robust and structural net cash flow generation and significant asset disposals, is a key priority on my roadmap. Disposal processes are on-going.
Amid an unprecedented context, to build on our momentum, my focus is also on accelerating our operational excellence plan. In Q1, we have deployed our EU-FORWARD program and launched dedicated task forces to boost underperforming plants. These past few months, we have proactively addressed the potential impact of rising tariffs with agility and determination: securing pass-throughs with our clients, optimizing our supply chain, and maximizing cost flexibility. 
Overall, I have full confidence that, with the current tariffs and production cuts announcements, we are on track to achieve our full-year objectives as planned.
At the same time, we are actively building a long-term value creation strategy around strong, complementary businesses with high technological content and sustainable competitive advantages”.

See full Press Release below