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Forvia announces focus on electronics and seats, Hella lighting business to be restructured

Forvia CEO Martin Fischer says the company has aligned its portfolio to the growth areas of electronics and seats and plans to significantly shorten development cycles by strengthening local teams, especially in China. The former Hella lighting business is undergoing a transformation: premium LEDs have become standard, so Forvia is introducing platforms and modules and will have to rebuild growth in the lighting market. To stabilize operations, Europe-wide cost reductions are under way including up to 10,000 job cuts; strategically, Fischer is calling for clear local-content rules to retain value creation in Europe. » More on wiwo.de
Forvia Hella: CFO Philippe Vienney will not remain beyond the end of his contract in 2027

Philippe Vienney, CFO of Forvia Hella since March 2024, does not want to extend his contract beyond 28 February 2027 for private reasons. The succession in executive management is still open; the company said it will inform promptly. In Euronext trading, the Forvia Hella share came under pressure at times by around 2.4 percent. » More on finanzen.net
Forvia Hella loses CFO Philippe Vienney – successor not yet decided

The 60-year-old Philippe Vienney will not extend his contract, which runs until February 2027, for personal reasons and will therefore step down as Forvia Hella’s chief financial officer. Vienney had led the division since March 2024. The MDax group said it will announce the succession promptly; a successor has not yet been named. » More on de.investing.com

Historical dividends Dividends

All dividend metrics All metrics

In 2024, Forvia has already paid €0.50 in dividends. The last payout was in June 2024.

Financials

In the last year, Forvia had revenue of €26.97bn and net profit of -€185.2m

(EUR)	2024	YoY
Revenue	26.97bn	1.00%
Gross profit	3.6bn	3.85%
Net profit	-185.2m	183.35%
EBITDA	3.12bn	1.91%

Fundamentals

Metric	Value
Market capitalization	€4.19bn
Number of shares	197m
52-week high/low	€23.56 - €10.73
Dividends	No
Beta	2.00
P/E ratio	-1.84
PEG ratio	0.01
P/B ratio	0.78
P/S ratio	0.09

Company profile

Faurecia S.E., together with its subsidiaries, manufactures and sells automotive equipment in France, Germany, other European countries, North America, South America, Asia, and internationally. It operates through Seating, Interiors, Clean Mobility, and Clarion Electronics segments. The Seating segment designs and manufactures vehicle seats, seating frames, covers and foams, and comfort solutions. The Interior segment designs and manufactures instrument panels, cockpits, and door panels and modules, as well as center consoles, and smart surfaces. The Clean Mobility segment designs and manufactures exhaust system solution for passenger and commercial vehicles; fuel cell electric vehicles; and aftertreatment solutions for commercial vehicles, as well as zero-emissions solutions. The Clarion Electronics segment designs and manufactures display technologies, driver assistance systems, and cockpit electronics. The company was incorporated in 1929 and is headquartered in Nanterre, France.