Forvia shares fall as China sales slump drives Q1 revenue down

Forvia SE

24/04/2026 08:46

** Shares in car parts supplier Forvia FRVIA.PA fall 3% after a sharp sales decline in China caused a 2.2% drop in its Q1 revenue

** Quarterly sales fell to 5.14 billion euros ($6.00 billion), driven by a 23.5% slump in China

** The sales in the country were hurt by an unfavourable customer mix and notably a significant drop in production at automaker BYD, Forvia says

** "A slowdown in China could have an impact on margins as it is much more profitable than other regions," J.P. Morgan analysts say

** Including today's fall the stock has dropped by 24.82% YTD

($1 = 0.8563 euros)

 (Reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@thomsonreuters.com))