Forvia (FRVIA) AGM 2026 summary

Opening remarks and agenda

• Chairman welcomed shareholders, board members, and executives, highlighting the meeting's live stream and recording.

• The agenda included the strategic roadmap IGNITE, 2025 financial results, 2026 outlook, governance, CSR, compensation, auditor reports, Q&A, and voting of resolutions.

Financial performance review

• 2025 sales reached EUR 27 billion (constant FX), with operating margin up 40 bps to 5.6%.

• Net cash flow increased 47% to EUR 962 million, and net debt declined by EUR 600 million.

• Net loss of EUR 2.1 billion due to one-off, non-cash portfolio streamlining and transformation charges.

• Pro forma sales post-Interiors divestiture: EUR 21.3 billion, with 6% margin.

• 2026 guidance: sales EUR 20–21 billion, margin 6.0–6.5%, net cash flow ≥3% of sales, leverage ratio 1.5x.

Board and executive committee updates

• CEO Martin Fischer appointed in March 2025, bringing a new performance-driven culture.

• Board comprised 14 members, 83% independent, with 42% women and six nationalities.

• Pierre-André de Chalendar joined as director in September 2025 and was elected Chairman.

• Board and committees met 28 times in 2025, maintaining high attendance rates.