Forvia slumps on unit Hella's 'disappointing' guidance

Forvia SE

23/02/2026 09:52

** Shares in French auto parts maker Forvia FRVIA.PA fall close to 6% after its majority-owned unit Hella HLE.DE  gave a 'disappointing' annual guidance

** Hella guides for 2026 sales between 7.4-7.9 billion euros ($8.7-9.3 billion), with operating income margin of 5.4%-6.0% of sales

** J.P. Morgan deems the guidance disappointing, flagging flat to down y/y margin guidance and expecting the lighting division not to grow

** ODDO BHF adds Hella's FCF guidance of around 138 million euros mid-range is "significantly" down y/y

** ODDO says the more conservative EBIT and FCF guidance are likely to disappoint and could increase pressure on Forvia ahead its own results and investor day on Feb. 24

** Up to the previous session's close, shares were up 1.5%​ YTD

($1 = 0.8471 euros)

(Reporting by Mateusz Rabiega)

((Mateusz.rabiega@thomsonreuters.com))