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 2021 Faurecia SE Earnings Call Transcript

Feb 21, 2022 / 09:00AM GMT

Release Date Price: €34.36 (-5.37%)

Transcript

Patrick Koller

Faurecia S.E. - CEO & Director

Good morning, and welcome to our 2021 results meeting. We will start with some comments about why we believe that 2021 was a foundational year. Michel Favre will present the financial data. I will be back with the stand-alone guidance. And finally, I will give you a first hint about FORVIA's strategic goals. Let us start with 2021 as a foundational year for Faurecia. I think 2 events -- 2 main events have been founding Faurecia. The first one is the successful spin-off from our historical shareholder, PSA/Stellantis.

This had 2 main and significant changes. The first one is the free float with in excess of 90% and the inclusion of Faurecia in the CAC Next 20. The other one is related to our strategic autonomy, which has significantly increased and which [might] have made possible. And the second very important item, which is the strategic and transformative acquisition of HELLA. With HELLA, we created the seventh biggest automotive supplier. We increased significantly our technology content, addressing all industry megatrends, and I will tell you

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