“The first quarter of 2023 marked a good start of the year for FORVIA, with strong sales growth, despite a persistently uncertain environment. Organic sales significantly outperformed worldwide automotive production growth, boosted by a favorable geographic mix effect and an additional month of consolidation of HELLA.

We remain focused on our three drivers: generate solid sales growth driven by innovation and sustainability; lower the cost base and breakeven point of operations; enhance cash conversion and close the announced divestments to accelerate Group deleveraging, our top priority.”