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

Q3 2023 Forvia SE Corporate Sales Call Transcript

Oct 20, 2023 / 06:00AM GMT

Release Date Price: €16.05 (-0.93%)

Transcript

Operator

Good morning. This is the conference operator. Welcome, and thank you for joining the FORVIA Third Quarter 2023 Sales Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Olivier Durand, Group Chief Financial Officer. Please go ahead, sir.

Olivier Durand

Forvia SE - Executive VP & Group CFO

Thank you. Good morning, everyone, and welcome to the presentation of the FORVIA results of Q3 '23. The key message that we would like to convey this morning is, first of all, on the activity, strong organic growth in a market that continues to grow. We have -- we are posting EUR 6.5 billion of revenues, 10.7% increase on an organic basis, which is a 7% outperformance on the market growing by 3.7% on the auto production volume.

On the commercial side also, we continue to have a strong order intake, EUR 22 billion in the first 9 months, and therefore, our book-to-bill continues to be above 1. And it includes improvements on the upfront aspect, which means that it is helping the improvement of the net

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