Forvia
Faurecia is a leading French automotive equipment supplier. The group develops, manufactures and markets original equipment for automakers.
Forvia (formerly Faurecia) is a leading French automotive equipment supplier. The group develops, manufactures, and markets original equipment for automakers. It is organized into six business units: Clean Mobility, Seating, Interiors, Lighting, Electronics, and Lifecycle Solutions. The company’s key clients include major automakers 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 2023
- € 27.2 bn
- Operating income 2023
- € 1,439 m