Forvia confirmed on Friday that it has initiated divestment processes for certain segments of its portfolio, including its "Business Group Interiors" vehicle interiors division, following press reports suggesting a potential sale of the unit.
In a brief statement, the automotive supplier explained that, as a publicly listed company, it is unable to comment on market rumors or disclose specific details regarding any confidential offer, particularly concerning the valuation or price of the assets involved.
However, the group reiterated that it is currently conducting a "thorough strategic review of its portfolio," without providing further details on the divestment processes underway.
"Today, our priority remains to execute our roadmap with rigor and responsibility, while improving our performance and empowering our teams as we continue our strategic transformation," the company stated this morning.
After surging 15% over the past five sessions amid renewed speculation about possible asset sales, the stock was up another 0.7% today, bringing its gains to over 33% in the past three months.
FORVIA SE is one of the world leaders in designing, manufacturing, and marketing automotive equipment. Net sales break down by product family as follows:
- seats (32%; No. 1 worldwide);
- interior car parts (18.9%; 1 worldwide): dashboards and instrument panels (No. 1 worldwide), doors and door panels, and acoustic modules;
- audiovisual and multimedia equipment (15.5%): car radios, multimedia devices, navigation systems, automatic guiding systems, location systems, safety assistance systems with CDD captor cameras, wireless communication, monitors, etc.;
- exhaust systems (15.4%; No. 1 worldwide);
- lighting equipment (14.4%);
- other (3.8%).
At the end of 2024, the group had more than 290 production sites worldwide.
Net sales are distributed geographically as follows: France (5.8%), Germany (10.3%), Europe-Middle East-Africa (30.7%), Asia (26.7%) and America (26.5%).
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