In a research note published by Christoph Laskawi, Deutsche Bank advises its customers to buy the stock. The target price is decreased from EUR 12.50 to EUR 10.00.
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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