|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||42.00 - 42.00|
|52-week range||30.10 - 42.95|
|Beta (5Y monthly)||1.47|
|PE ratio (TTM)||50.60|
|Forward dividend & yield||0.24 (0.58%)|
|Ex-dividend date||03 Oct 2022|
|1y target est||N/A|
The company lowered its assumption of global automotive production for 2025 to 88 million units, down by 6 million from its previous forecast, citing "tough macroeconomic conditions between 2021 and 2023". The group sees higher energy costs for 2023, but also a continued disruption in the supply of semiconductors that will ease but not resolve, Faurecia CEO Patrick Koller said in a call with journalists.
EQS-News: HELLA GmbH & Co. KGaA / Key word(s): Results Forecast2022 Capital Markets Day: HELLA accelerates profitable growth under FORVIA Power25 plan 03.11.2022 / 07:30 CET/CESTThe issuer is solely responsible for the content of this announcement.Lippstadt/Paris, 3 November 2022 2022 Capital Markets Day: HELLA accelerates profitable growth under FORVIA Power25 plan Significant market outperformance with annual sales growth of more than 10 percent to over €9.4 billion in 2025 Substantial increas
(Reuters) -European car parts maker Forvia on Friday raised its sales guidance for the year on stronger-than-expected car output and positive currency effects, even as investors fret about the weakening outlook for the automotive market. Born from Faurecia's takeover of German rival Hella, Forvia forecast full-year sales of between 24.5 billion and 25.5 billion euros ($23.9 billion-$24.9 billion), up from 23 billion-24 billion euros previously. Forvia upgraded its global car production forecast by 3 million light vehicles to 77 million in 2022 - below the 79 million estimated by business information provider IHS Markit earlier this month - noting that it was remaining "cautious".