Auto parts group Forvia Q3 sales jump on strong China performance
20/10/2023 06:30
Oct 20 (Reuters) - French car parts maker Forvia
FRVIA.PA on Friday reported a rise in third quarter sales,
saying it outperformed automotive production across all its
regions, and China in particular.
The company, born from Faurecia's EPED.PA takeover of
Hella HLE.DE , posted quarterly sales of 6.53 billion euros
($6.91 billion), up 10.7% organically from restated 6.37 billion
a year earlier.
It reiterated 2023 sales forecast of 26.5 billion to 27.5
billion euros and an operating margin target of 5.2% to 6.2%.
($1 = 0.9456 euros)
(Reporting by Michal Aleksandrowicz in Gdansk; editing by Milla
Nissi)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))