Forvia Q3 Revenue Stable on European Growth
French auto parts supplier Forvia reported a slight 0.6 percent organic revenue decline to 5.08 billion euros for the third quarter. Growth in Europe helped offset weakness in China, and the company confirmed its full year guidance.
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FORVIA posted organic revenue of €5.08 billion ($5.68 billion) during the third quarter, falling 0.6% compared with the same period last year. The performance outperformed overall automotive manufacturing declines across Western markets. Finance chief Olivier Durand cited improving sales momentum during a Monday morning briefing with journalists.
