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

Faurecia SE Annual Shareholders Meeting Transcript

May 31, 2021 / 12:00PM GMT

Release Date Price: €40.19 (-1.73%)

Transcript

Michel de Rosen

Faurecia S.E. - Independent Chairman

(presentation)

Ladies and gentlemen and dear shareholders, I'm very pleased to have you at our combined ordinary and extraordinary AGM of Faurecia on this, the 31st of May 2021. I'd like to begin this AGM with 2 words: welcome and thank you. Welcome to the very large number of new shareholders who recently joined the group subsequent to the attribution of Faurecia shares by PSA/Stellantis to their shareholders.

This is a big step in the history of our group, and we are proud of what we achieved with PSA, which enabled Faurecia to become 1 of the top 10 regional equipment manufacturers worldwide. This attribution has significantly increased the group's free float. It also improves the attractiveness of our profile in the financial markets and enables us to reinstate or reassert, I should say, our commercial strategy as an independent firm. Because of this, the composition of our Board of Directors has been adjusted and adapted and its independence reinforced, but I will elaborate on that later on.

So a new chapter is

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