(CercleFinance.com) – Automotive equipment manufacturer Forvia publishes a net profit, group share, of 222 million euros for the past financial year, compared to a loss of 382 million in 2022, with an improvement in the operating margin by 100 basis points, to 5.3% of sales.
The latter increased by 10.9% to more than 27.4 billion euros, with organic growth of 14%, marking, according to him, an outperformance of 430 basis points compared to the increase in global automobile production. .
The board of directors has decided to propose a dividend of 0.50 euros per share in cash at the next AGM on May 30. For 2024, Forvia expects an operating margin of between 5.6 and 6.4% for a turnover of between 27.5 and 28.5 billion euros.
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