Turnover: 25.5 billion EUR (2022)

Country: France

Faurecia, 57.4% owned by PSA, is the world's No. 7 automotive equipment manufacturer. Automotive seating is its core business (43% of sales in 2009, number 3 worldwide). Its 3 other key activities are interior systems (28%), emission control technologies (20%) and automotive exteriors (9%). 73 production sites, including 33 just-in-time sites, in 20 countries, are dedicated to seat manufacturing.

Faurecia has left the new Stellantis Group and taken the name Forvia.

News

Germany's Forvia plant delivers its first hydrogen tanks 23/06/2023

  • Medium-term target production capacity: 100,000 hydrogen tanks per year
  • Allenjoie site customers: Stellantis, Hyvia (joint venture between Renault and Plug) and MAN
  • Number of plant employees: around 250
  • Forvia investment in hydrogen technology development: over 380 million euros
  • Expected hydrogen revenues for Forvia in 2030: 3.5 billion euros
  • Estimated global hydrogen market in 2030: 20 billion euros

Strong growth in Europe with Chinese carmakers 07/05/2023

  • Merger of Faurecia and Hella in 2022 to form the Forvia group.
  • Loss of 382 million euros for Forvia in 2022.
  • Forvia sales in 2022: 25.46 billion euros, up 17%.
  • Forvia sales in China: 5.38 billion euros, up 21.6% on 2021.
  • China accounts for over 20% of Forvia's business.
  • Chinese manufacturers will hold 50.5% of the local market in 2022.
  • Global automotive production in 2022: 82 million units.
  • World's largest automotive market: China, with 23.56 million vehicles sold in 2022.
  • price differential for small electric vehicles between Chinese and European brands: around 10,000 euros.

Strong growth in Europe with Chinese carmakers 06/03/2023

  • Sales of 25.46 billion euros in 2022, up 17% on a like-for-like basis
  • In 2022, global automotive production will amount to 82 million units, roughly the same as in 2012
  • China accounts for 5.38 billion euros in sales and 23.56 million vehicles sold in 2022
  • For small electric vehicles, the price gap between Chinese and European brands is 10,000 euros
  • Western automakers' share of sales shrinks
  • Chinese automakers will have a 50.5% share of the local market by 2022 (including 5.5% for Baojun and Wuling, integrated into the GM Group)
  • Forvia collaborates locally with Chinese giants such as NIOO, Geely, SAIC and BYD, tesla

Automotive: Forvia digests Hella takeover 20/02/2023

  • Sales: 25.5 billion euros, up 63% year-on-year
  • Group formed following Faurecia's takeover of German automotive supplier Hella - now enjoying its first year in this form
  • Debt reduction through a program of divestments
    • Sale to Plastic Omnium for €290 million of its shares in their hydrogen joint venture, HBPO
    • Sale of its commercial vehicle exhaust gas treatment business to Cummins

Faurecia launches a capital increase, the stock plummets 16/06/2022

  • Faurencia launches €705 million capital increase
  • The share lost 7% after the capital increase was announced
  • Faurencia seeks to finance 5.3 billion euro takeover of Hella
  • Faurencia shares still down 43% since early 2021
  • Margin target now 4-5% vs. 6-7% initially promised
  • The Group has withdrawn its target of a positive free cash flow of 500 million euros, and is now content to break even

Forvia, formerly Faurecia, launches a capital increase following the purchase of Hella. 07/06/2022

  • Forvia launches a €705 million capital increase to refinance part of the €5.3 billion acquisition of Germany's Hella
  • The takeover created a new group called Forvia, seventh worldwide in the sector, but the turmoil on the financial markets has since complicated matters for the equipment manufacturer, which has lost 40% of its value since the beginning of the year.
  • Forvia, with substantial sales of 24 billion euros, should benefit from the critical mass it has achieved
  • The group expects synergies of 250 million euros by 2025

Financial Data

DUNS: 393162433

Legal Name: FAURECIA SIEGES D'AUTOMOBILE

Address: 23 AV DES CHAMPS PIERREUX 23-27, 92000 NANTERRE

Number of employees: Entre 2 000 et 4 999 salariés (2020)

Capital: 100 000 000 EUR


Financial Data:

Year 2022 2021 2020 2019 2018 2017 2016 2015
Turnover 977 355 292 855 990 961 788 082 100 986 803 549 969 958 554 1 011 101 661 941 903 160 857 753 638
Gross margin (€) 792 337 475 728 476 991 699 640 221 796 237 098 777 177 986 799 011 362 765 806 197 -
EBITDA (€) 52 669 804 96 443 998 66 011 181 69 828 812 64 131 331 46 894 968 41 132 051 -
Operating profit (€) 34 431 700 84 340 886 46 935 236 53 326 071 54 906 163 44 378 111 34 806 472 -
Net profit (€) 36 093 662 72 053 493 49 143 724 61 575 161 50 020 287 49 709 718 42 959 595 7 012 858
Turnover growth rate (%) 14,2 8,6 -20,1 1,7 -4,1 7,3 9,8 -
Ebitda margin rate (%) 5,4 11,3 8,4 7,1 6,6 4,6 4,4 -
Operating margin rate (%) 3,5 9,9 6 5,4 5,7 4,4 3,7 -
Working Capital (turnover days) 12,2 27,8 41,1 17,7 25,5 26,2 14,7 -
Working Capital requirements (turnover days) 59,5 84,4 62,1 32,3 45,4 44,6 46,8 -
Net margin (%) 3,7 8,4 6,2 6,2 5,2 4,9 4,6 -
Added value / Turnover (%) 25,2 34,8 33,3 29,6 28,9 26,1 27,6 -
Wages and social charges (€) 208 774 713 213 590 750 203 912 170 229 895 068 229 401 503 226 408 459 226 185 961 -
Salaries / Turnover (%) 21,4 25 25,9 23,3 23,7 22,4 24 -

Company Managers:

Position First Name Last Name Age Linkedin
Président de SAS Gilles Corbel 60
Président de SAS Olivier Lefebvre 51

Studies mentioning this company

The car seat market - France

Other companies mentioned:

The hydrogen market - France

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ESM The precision cold-rolled steel market - France

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