2025 Q3 Sales: Revenue of €6.1 Billion, Stable on an Organic Basis. Strong Financial Discipline. 2025 Guidance Confirmed

Core Insights - FORVIA reported third-quarter 2025 sales of €6.12 billion, stable on an organic basis, but down 3.7% year-over-year due to negative currency effects [1][8][24] - The company confirmed its full-year 2025 guidance, maintaining targets for sales, operating margin, net cash flow, and leverage [3][25][29] Financial Performance - Consolidated sales in Q3 2025 were impacted by a €238 million negative currency effect, primarily from the euro's depreciation against the USD and RMB [8][24] - Organic growth in product sales was 1.1%, with solid growth in Electronics, Clean Mobility, and Lifecycle Solutions [7][10][11] - The company experienced a 440 basis points underperformance compared to global automotive production, which grew by 4.4% [8][15] Segment Analysis - Seating: Reported a decline of 12.7% in sales, affected by an unfavorable customer mix in China [9][11] - Electronics: Achieved a 14.3% increase in sales, driven by strong demand for radars and battery management systems [9][11] - Interiors: Experienced a slight decline in organic sales, primarily due to normalization of tooling sales [12] - Clean Mobility: Recorded strong growth, particularly in North America, benefiting from electrification trends [13] - Lifecycle Solutions: Returned to growth after five quarters of decline, driven by commercial vehicle business [13] Regional Performance - EMEA: Sales decreased by 2.5% on an organic basis, impacted by production shutdowns and market slowdowns [16][17] - North America: Organic sales advanced by 5.8%, driven by growth with US and Japanese car manufacturers [18] - Asia: Organic sales declined by 2.7%, with China down 7.4% due to an unfavorable customer mix [18][19] Strategic Initiatives - The company is focused on cost reduction and financial discipline through its EU-FORWARD initiative, which includes job reductions and a global SIMPLIFY program aimed at reducing costs by €110 million by 2028 [21][22] - FORVIA successfully raised approximately €1.3 billion in new financing to refinance short-term obligations and enhance its financial profile [23][24]