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Forvia

Forvia

Faurecia is a leading French automotive supplier. The group develops, makes and sells parts for automobile manufacturers.

As at December 31, 2022

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 2022

In 2022, the group’s revenue totalled €25.5 billion, up 17% at constant scope and exchange rates compared withthe previous year. This compares with the 6% increase in worldwide automotive production over the same period.

The group’s operating profit totalled €1,115 million, an increase of 29% relative to 2021. Operating margin was 4.4%, down 1.1 points. Net cash flow was €471 million. Net debt amounted to €7.9 billion at 31 December 2022, as opposed to €3.4 billion at 31 December 2021.

During an investor day, the group presented its ambitions for 2025, by which time it is aiming for revenue of over €30 billion and an operating margin of more than 7%.

Peugeot 1810's investment

At 31 December 2022, Peugeot 1810 – which is 76.5%-owned by Peugeot Invest and 23.5%-owned by Établissements Peugeot Frères – owned 3.1% of Forvia’s equity.

The value of the shareholding, for the purposes of Net Asset Value and the consolidated financial statements, is based on the share price at 31 December 2022.

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
25.5 bn
Operating income
1,115 m

Shareholding structure

9 %
Hueck family
5 %
Exor
3.1 %
Peugeot 1810
2.2 %
Bpifrance
2 %
Dong Feng Motors
78.8 %
Free-floating