Forvia's cost and cash discipline drives near 8% rise in H1 core profit
Forvia's earnings before interest, taxes, depreciation and amortization (EBITDA) grew to 1.76 billion euros ($2.07 billion)in the first half of 2025, from 1.64 billion a year earlier.
It said tariffs had no material impact thanks to effective counter measures, including strict cost and cash discipline, but they had delayed tenders especially in North America.
Forvia booked new orders worth 14 billion euros in the first half, compared to 15 billion a year ago. It still confirmed its full-year 2025 guidance.
Stellantis (STLAM.MI), opens new tab announced mid-July the termination of its hydrogen fuel cell technology development program, impacting its SYMBIO joint venture with Forvia and Michelin (MICP.PA), opens new tab that relies on the carmaker for more than 80% of its business.
"Forvia booked a non-cash depreciation of the financial assets related to the joint venture, consolidated under equity method, for 136 million euros," the group said in a statement.
($1 = 0.8511 euros)
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