Forvia
Faurecia is a leading French automotive supplier. The group develops, makes and sells parts for automobile manufacturers.
Forvia (formerly Faurecia) is a leading French auto parts manufacturer. The group develops, makes and sells OEM parts for automobile manufacturers. After the acquisition of Hella, which was completed in January 2022, the group has six operating units: Clean Mobility, Seating, Interiors, Lighting, Electronics and Lifecycle Solutions. The group’s main clients include carmakers such as Stellantis, Volkswagen, Ford and Renault-Nissan.
- Stake in Forvia
- 3.1 %
- Investment date
- 2012
In 2023
In 2023, the group’s revenue totalled €27.2 billion, up 14% at constant scope and exchange rates compared with the previous year. This compares with the 9.7% increase in worldwide automotive production over the same period.
The group’s operating income totalled €1,439 million, an increase of 36% relative to 2022. Operating margin was 5.3%, an increase of 1 point. Net cash flow was €649 million. Net debt amounted to €7 billion at 31 December 2023, vs. €7.9 billion at 31 December 2022.
The Group has successfully completed an initial asset disposal programme worth €1 billion and has launched a new programme for the same amount, to be completed by 2025.
The Group has confirmed its targets for 2025, aiming for revenue of around €30 billion, an operating margin of over 7% and net cash flow of 4% of sales.
Peugeot 1810's investment
At 31 December 2023, Peugeot 1810 – which is 76.5%-owned by Peugeot Invest and 23.5%-owned by Établissements Peugeot Frères – held 3.1% of Forvia’s equity.
The value of the shareholding in the Net Asset Value and the consolidated financial statements is based on the share price at 31 December 2023.
Peugeot 1810, represented by Robert Peugeot, has a seat on Forvia’s Board of Directors and is also a member of its Audit Committee.
Key figures
- Revenue
- € 27.2 bn
- Operating income
- € 1,439 m