Forvia (EPA:FRVIA) announced its first‑half 2026 results on 31 July 2026, showing that sales reached €10,509 million, a 1.9% decline on a constant‑currency basis but an improvement over the 2.2% drop recorded in the first quarter. The reported sales topped Jefferies’ estimate of €10,363 million and the consensus forecast of €10,299 million. Operating profit totaled €632 million, exceeding Jefferies’ projection of €592 million and the consensus of €599 million, while the operating margin expanded by 30 basis points to 6.0%.
Net cash flow for the period was €432 million, representing 4.1% of sales and substantially above the Jefferies forecast of €255 million and the consensus estimate of €193 million; the outperformance was attributed to lower capital expenditure. Net debt stood at €5.5 billion, below the Jefferies estimate of €5.9 billion and the consensus of €5.931 billion, resulting in a net‑debt‑to‑EBITDA ratio of 1.6 times.
In the Seating division, sales were €3,844 million with operating profit of €211 million; revenue fell 9.3% on a constant‑currency basis, an improvement from the 11.1% decline in Q1, and the operating margin rose 20 basis points to 5.5%. The Clean Mobility division generated €1,950 million in sales and €188 million in operating profit; revenue declined 1.0% on a constant‑currency basis, while the operating margin expanded by 180 basis points to 9.7%. Clarion reported sales of €776 million and operating profit of €41 million; revenue increased 22.8% on a constant‑currency basis and the operating margin improved by 310 basis points to 5.3%.
Order intake grew 15% year‑over‑year, delivering a book‑to‑bill ratio of 1.5 times in the Growth division. The company reiterated its full‑year guidance, confirming that the FY outlook remains unchanged.