Forvia rises on 'strong set of results' in H1, lower tariffs

Forvia SE

28/07/2025 08:18

** Shares in car parts supplier Forvia FRVIA.PA rise 11%, to the top of french SBF120 index, after reporting a 7.8% rise in its half-year core profit on Monday and lower tariffs

** Forvia's earnings before interest, taxes, depreciation and amortization (EBITDA) grew to 1.76 billion euros ($2.07 billion) in the first half of 2025, from 1.64 billion euros a year earlier

** "This is a strong set of results from Forvia against a difficult backdrop," Jefferies analysts say in a note

** The group also says tariffs had no material impact thanks to effective counter measures, including strict cost and cash discipline

** Forvia CFO said it welcomes the tariffs agreement between the U.S. and the EU, cutting them to 15% from 25%, adding it reduces volatility and uncertainty

** Shares in Forvia are on track for their best day since September 27, if gains hold

($1 = 0.8518 euros)

 (Reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@thomsonreuters.com;))