Forvia SEFRVIA
▲ PositiveCapitalrelevance
Strong H1 results with margin up, net debt cut, and order intake surge.
Impact on stocks 2
Consumer Discretionary
Forvia SE
Hella KGaA Hueck & CoHLE
Mentioned
Forvia SE reported first-half 2026 results with sales of EUR10.5 billion, down 4.3% versus H1 2025, and an operating margin of 6.0%, up 30 basis points year-over-year. Net income reached breakeven at EUR3 million, a significant improvement from a loss of EUR269 million in the prior year. Net cash flow rose 18% to EUR432 million, and net debt was reduced by EUR503 million to EUR5.5 billion, marking the strongest semester of organic debt reduction since the HELLA acquisition. Order intake surged 15% to EUR13.4 billion, with a book-to-bill ratio of 1.5 times. The Interiors divestiture to Apollo is on track for Q4 2026, with all major regulatory approvals secured and expected to generate over EUR1 billion in additional net debt reduction. The company expects H2 profitability to be at least as good as H1, despite a challenging market environment and one-off cash outflows of approximately EUR150 million.
Forvia SEStrong H1 results with margin up, net debt cut, and order intake surge.
Hella KGaA Hueck & Co