Forvia rises on plans to simplify portfolio, boost margins

Forvia SE

24/02/2026 08:41

** Shares in Forvia FRVIA.PA rise 2.3% after the French car parts supplier published its mid-term plan to drive growth with higher margins

** The group expects annual sales to fall to 21 billion-22 billion euros ($24.7 billion-$25.9 billion) by 2028 including potential divestitures, while its operating margin will rise to at least 7% of sales

** The company is in advanced negotiations with several parties to divest its interiors business, as part of an ongoing push to trim its portfolio, Forvia says

** JPM said the 2028 outlook was "strong" and built on "robust foundations"

** "The positive aspect of the publication was the generation of FCF, which amounted to €962 million and is of much better quality than last year," TP ICAP Midcap adds

** Shares in Forvia are on track for their best day since February 10, if gains hold

($1 = 0.8493 euros)

 (Reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@thomsonreuters.com))