Core Insights - FORVIA has launched its new strategic roadmap called IGNITE, aimed at enhancing the Group's profile, reducing complexity, and enabling financial flexibility through disciplined deleveraging, which is expected to foster accelerated growth and sustained net cash flow generation in the medium term [2][4][25] Strategic Roadmap - IGNITE is structured around two key phases: Focus & Strengthen (2025-2028) and Lead & Grow (post-2028) [5][9] - The roadmap emphasizes a new portfolio framework that includes a Growth cluster (Electronics and Seating) and a Value cluster (Clarion, Clean Mobility, Lifecycle Solutions, and Lighting) [6][10] Financial Projections - By 2028, FORVIA anticipates sales of €21-22 billion at constant exchange rates, with an operating margin of at least 7.0% and net cash flow around 3.5% of sales [5][20] - The leverage ratio is projected to improve to 1.2x by 2028, indicating a solid financial structure [20] Growth and Value Clusters - The Growth cluster is expected to achieve sales of €8.7-€9.1 billion by 2028, with an operating margin of at least 6.5% [12] - The Value cluster's sales are projected to adjust to €8.4-€8.8 billion by 2028, with an operating margin expanding to at least 7.0% [15] Operational Excellence - IGNITE aims to enhance operational excellence through improved capital allocation and a focus on best-in-class performance, supported by initiatives like EU-FORWARD and SIMPLIFY [4][16] - The Group's approach is underpinned by the FORVIA Excellence System, which emphasizes execution discipline and profitability across operations [16][17] Cultural and Organizational Changes - FORVIA is evolving its organizational structure to become simpler and faster, with a focus on regional divisions that enhance proximity to customers and operational accountability [18][19] - The Group is reinforcing its leadership culture, emphasizing accountability, empowerment, and collaboration to support faster decision-making [19]