Forvia Q1 Revenue Down 2.2% as China Sales Plunge 23.5%

Forvia shares fell 4.6% after reporting a 2.2% decline in Q1 revenue.
Quarterly sales dropped to €5.14 billion, with China sales plunging 23.5% due to unfavourable customer mix and BYD production cut.
J.P. Morgan analysts warned the China slowdown could pressure margins, as the region is more profitable than Forvia’s other markets.