Forvia: net cash flow virtually stable in 2024

(CercleFinance.com) - Forvia has announced for 2024 a virtually stable net cash flow (+0.
9%) at 655 million euros, above its minimum target of 550 million, and an operating margin down 0.1 point to 5.2% of sales, in line with its target range of 5-5.3%.

The equipment supplier's sales, at 27 billion euros, rose by 0.4% in organic terms, outperforming the 1.1% decline in global automotive production by 150 basis points, despite an unfavorable customer and geographic mix.

At its last meeting on February 27, 2025, the Board of Directors decided not to propose a dividend payment in 2025, in order to accelerate the Group's top priority, which is to reduce its debt.

For 2025, Forvia forecasts net cash flow at or above the 2024 level, an operating margin of between 5.2 and 6%, and sales of between 26.3 and 27.5 billion euros.

Copyright (c) 2025 CercleFinance.com. All rights reserved.