Forvia SE (MIL:1FRVIA)

€ 8.5 0.142 (1.7%) Market Cap: 1.60 Bil Enterprise Value: 10.17 Bil PE Ratio: 8.63 PB Ratio: 0.38 GF Score: 62/100

Full Year 2019 Faurecia SE Earnings Call Transcript

Feb 17, 2020 / 09:00AM GMT

Transcript

Patrick Koller

Faurecia S.E. - CEO & Director

Good morning, and a warm welcome to this 2019 Faurecia performances presentation. I will start with the 2019 highlights. Michel will follow with a detailed review of our results. And I will close this presentation with a 2020 outlook.

If we start with the highlights, 3 main points to underline. First, we delivered strong and resilient performances in 2019. All the financial targets are achieved and this in a tough environment, and I will tell you more about this. We achieved a strong cash generation, and we are very much focused on cash, and we will continue to deal with this. We also achieved a record order intake in 2019 with EUR 68 billion of order book. And we did that while accelerating our transformation on our strategic domains, the Cockpit of the Future and Sustainable Mobility. We created Faurecia Clarion Electronics, our fourth business group. We acquired the 50% remaining stake in SAS from Continental. And we created Symbio, a joint venture for hydrogen stack systems with Michelin. We also focused, and it's especially important in

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