Group sales in Q1-25 were up 2.1 per cent compared to Q1-24, to €6,531m. This growth was driven by the Electronics and Seating units, and the ongoing acceleration with Chinese automakers, notably BYD.
Revenues in Europe + the Middle East increased by 3.3 per cent to €3,240m; increased in Asia by 7.1 per cent to €1,729m, and decreased in the Americas by 2.7 per cent to €1,733m.
Lighting sales were affected by the end of a program with a major American automaker, causing a decrease of 5.9 per cent to €935m compared to 2024.
Forvia CEO Martin Fischer says the company “achieved a solid commercial performance in the first quarter. This is a testimony of the strength of our market positioning. Restoring our financial structure through robust and structural net cash flow generation and significant asset disposals, is a key objective on my roadmap. Disposal processes are ongoing. Amid an unprecedented context, our focus is also on accelerating our operational excellence plan. In Q1, we have deployed our EU-FORWARD program and launched dedicated task forces to turn around underperforming plants. These past few months, we have proactively addressed the potential impact of enacted tariffs with agility and determination: securing pass-throughs with our clients, optimizing our supply chain, and maximizing cost flexibility. All the efficiency measures we are implementing, and the round-the-clock commitment of our teams will enable us to safeguard our performance in the market challenges ahead and achieve our full-year targets. Looking ahead, my priorities are on achieving best in class performance, transforming our business and invigorating our culture. By focusing on these three areas, we will be able to drive strong results, ensure our business remains competitive and engage our teams in this period of change”.
