Forvia

Forvia Hella is maintaining its full-year forecast after a first half that was predictably weaker. Currency-adjusted revenue rose to just over €4 billion, but operating profit fell by almost 10% to €214 million and the operating margin slipped to 5.4%. For 2026 Hella still targets currency-adjusted revenue of around €7.4–7.9 billion and an operating margin of about 5.4–6.0%. » Altro su finanzen.net

Forvia Hella reports an operating result of €96m for Q1 (−12%) and a revenue decline of nearly 3% to €1.9bn, weighed down by a strong euro and weakness in the lighting business. The electronics segment grew thanks to high demand for radar sensors and became the largest group division for the first time. Cost reductions, including in R&D, offset part of the revenue decline; group profit rose slightly due to significantly lower restructuring costs. Management expects an improved operating margin and net cash flow over the course of the year and confirms guidance (organic revenue €7.4–7.9bn, operating margin 5.4–6.0%, net cash flow ≥1.8% of revenue), but cites the war in the Middle East as an uncertainty factor. » Altro su de.investing.com

Forvia is selling its Interiors division — which comprises 59 production sites, eight R&D centres and around 31,000 employees — to private equity investor Apollo Funds for 1.82 billion euros to reduce net debt by at least one billion euros. Interiors recently generated about 4.8 billion euros in revenue and accounted for almost one-fifth of group sales; Forvia says it will now focus on higher-margin, technology-driven areas. The group is in crisis with around 6 billion euros in net liabilities and expects to cut debt by 2028; extensive job cuts have already been announced. Michel de Rosen is stepping down as chairman of the board; his successor will be Pierre André de Chalendar from the annual general meeting on June 4. » Altro su manager-magazin.de