Forvia

In 2024, the group’s revenue totalled €27 billion, up 0.4% at constant scope and exchange rates compared with the previous year. This compares with the 1.1% decrease in worldwide automotive production over the same period. The group’s operating income totalled €1.4 billion, a decrease of 2.8% relative to 2023. Operating margin was 5.2%, a decrease of 10 basis points. Net cash flow was €655 million. Net debt amounted to €6.6 billion at 31 December 2024, vs. €7 billion at 31 December 2023.

The group has announced its 2025 objectives and aims to achieve revenue of between €26.3 billion and €27.5 billion, an operating margin of between 5.2% and 6%, and a net cash flow greater than or equal to that of 2024 (€655 million) and a level of debt less than or equal to 1.8x EBITDA before asset disposals and less than or equal to 1.5x at the end of 2026 after asset disposals.

Forvia announced that Martin Fischer will succeed Patrick Koller as Chief Executive Officer, effective 1 March 2025.

At 31 December 2024, 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 2024.

Peugeot 1810, represented by Robert Peugeot, has a seat on Forvia’s Board of Directors and is also a member of the Governance, Appointments and Sustainability Committee.