Brief: Forvia H1 Adjusted EBITDA Up At Eur 1.61 Bln

HELLA GmbH & Co KgaA

27/07/2023 06:00

July 27 (Reuters) - Forvia SE  FRVIA.PA :
    * H1 SALES EUR 13.62 BILLION, +21.3%
    * H1 ADJUSTED. EBITDA EUR 1.61 BILLION, +26.9%
    * H1 WORLDWIDE AUTOMOTIVE PRODUCTION 43.30 BILLION UNITS,
+11.2%
    * H1 NET CASH FLOW EUR 172 MILLION, +11.0%
    * OUTLOOK 2023: OPERATING MARGIN BETWEEN 5.2%-6.2% OF SALES
(PREV
BETWEEN 5.0%-6.0%)
    * OUTLOOK 2023: SALES BETWEEN EUR 26.5-27.5 BILLION (PREV
EUR
25.2-26.2 BILLION)
    * OUTLOOK 2023: NET DEBT/ADJUSTED. EBITDA RATIO BETWEEN 2.0X
AND
2.2X (PREV BETWEEN 2.0X AND 2.4X)
    * OUTLOOK 2023: NET CASH FLOW OF MORE THAN 1.5% OF SALES
(UNCHANGED)

Source text for Eikon:  ID:nGNEbgv7qW 
Further company coverage:  FRVIA.PA 

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