Previous close | 36.01 |
Open | 36.01 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 36.01 - 36.01 |
52-week range | 35.10 - 43.33 |
Volume | |
Avg. volume | 6 |
Market cap | 8.002B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | 34.96 |
EPS (TTM) | 1.03 |
Earnings date | N/A |
Forward dividend & yield | 1.59 (4.41%) |
Ex-dividend date | 02 May 2023 |
1y target est | N/A |
(Reuters) -Forvia, the European car parts maker born from Faurecia's takeover of Hella, on Monday said its first-quarter sales outpaced global car production even as uncertainty over semiconductor supply persisted. The automotive sector has been hit by several supply disruptions stemming from the pandemic, including a global chip shortage that hit production. "We continue to have a reduction in the number of shortages that can occur and the number of shortage instances, but it is not eliminated," finance chief Olivier Durand told journalists.
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.