Forvia (EPA:FRVIA) Full Year 2023 Results
Key Financial Results
- Revenue: €27.2b (up 7.0% from FY 2022).
- Net income: €227.0m (up from €381.8m loss in FY 2022).
- Profit margin: 0.8% (up from net loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Forvia Earnings Insights
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Auto Components industry in France.
Performance of the French Auto Components industry.
The company's shares are down 11% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Forvia has 3 warning signs (and 1 which doesn't sit too well with us) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About ENXTPA:FRVIA
Forvia
Manufactures and sells automotive technology solutions in France, Germany, other European countries, the Americas, Asia, and internationally.
Established dividend payer and good value.
