(Boursier.com) — Forvia jumped from 3 to 13.6 euros, in the wake of Hella which soared by 9 in Frankfurt. UBS says the OEM’s dividend proposal should contribute to Forvia’s deleveraging, EBIT and net cash flow. The analyst believes that Hella’s planned performance for the 2024 financial year should therefore help Forvia achieve its debt reduction objective.
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