Auto supplier Forvia's organic sales rise on strong North America
18/04/2024 06:35
April 18 (Reuters) - European automotive supplier Forvia
FRVIA.PA reported 3.1% organic growth in first-quarter sales
on Thursday, outpacing global car production driven by strong
North America.
Forvia, born from Faurecia's takeover of Hella HLE.DE in
2022, reported sales of 6.53 billion euros for the first three
months of 2024. That was down 1.7% on a reported basis compared
to 6.64 billion euros a year earlier.
Estimated worldwide automotive production dropped to 21.20
million vehicles in the quarter, compared to 21.37 last year,
Forvia said in an earnings statement.
(Reporting by Nathan Vifflin in Gdansk; editing by Milla Nissi)
((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))