ZEUS review FORVIA First-quarter 2023 report
First quarter sales results from automotive experts FORVIA show sales growth of +29% to €6.6bn driven by organic growth of +17.6%
By: Zeus Investments
GANGNAM-GU, South Korea - June 20, 2023 - PRLog -- FORVIA is the name of two recently merged companies, Faurecia (a global leader in automotive technology) and HELLA (an automotive lighting and electronics manufacturer)
On track to achieve its year-end de-leveraging target and also closing of previously announced transactions on schedule.
In Q1 2023, FORVIA's consolidated sales grew by 29% to €6.64 Billion, of which:
Patrick Koller, CEO of Faurecia stated "We remain focused on our three drivers: generate solid sales growth driven by innovation and sustainability, lower the cost base and break even point of operations and enhance cash conversion and close the announced divestment to accelerate Group de-leveraging which is our top priority."
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Read the full story here: https://www.forvia.com/
Page Updated Last on: Jun 29, 2023