Car parts maker Forvia reports stronger Q1 sales
17/04/2023 06:30
April 17 (Reuters) - Forvia, the European car parts
maker born from Faurecia's EPED.PA takeover of Hella HLE.DE
last year, on Monday reported a jump in first-quarter sales
boosted by its favourable geographic mix and an additional month
of Hella consolidation.
The group, which sells seats, dashboards and fuel systems to
carmakers, recorded sales of 6.64 billion euros ($7.29 billion)
in the first three months of 2023, compared with 5.15 billion
euros last year. The numbers exclude Faurecia's SAS Cockpit
Modules arm which it agreed to sell in February.
The company confirmed its 2023 and medium-term targets.
($1 = 0.9106 euros)
(Reporting by Lina Golovnya and Diana Mandiá in Gdansk; Editing
by Milla Nissi)
((lina.golovnya@thomsonreuters.com;
diana.mandiaalvarez@thomsonreuters.com))