FAURY - Forvia SE (FURCF) Q1 2024 Earnings Call Transcript
2024-04-18 11:42:09 ET
Forvia SE (FURCF)
Q1 2024 Earnings Conference Call
April 18, 2024 02:00 ET
Company Participants
Olivier Durand - Group Chief Financial Officer
Conference Call Participants
Michael Jacks - Bank of America
José Asumendi - JPMorgan
Sanjay Bhagwani - Citi
Christoph Laskawi - Deutsche Bank
Presentation
Operator
Good morning. This is the conference operator. Welcome and thank you for joining today’s Forvia First Quarter 2024 Sales Conference Call. [Operator Instructions] At this time, I would like to turn the conference over to Mr. Olivier Durand, Group Chief Financial Officer. Please go ahead, sir.
Olivier Durand
Thank you. Good morning, ladies and gentlemen. Welcome to the Q1 business overview call of Forvia. I am today with our Investor Relations team, Marc Maillet and Sebastian Lora. We will cover today the key events of Q1 for our company, and in particular, our revenue results for Q1, our progress in the delivery of our POWER25 strategic plan for which the central objective, as you know, is the deleveraging of the company and the confirmation of our guidance, ‘24 and ambition ‘25.
On the achievement, the key achievements of Q1 ‘24. On the revenue side, we have achieved an outperformance of 390 basis points in Q1 in sales. We have recorded solid order intake at €6.5 billion, up €1 billion compared to the last period of ‘23. We have achieved already 25% of our second €1 billion disposal program. And we have issued €1.2 billion of new debts, replacing existing ones in order to extend our debt maturity and we have been able not only to do a large bond with maturity at ‘29 and ‘31 but also to come back to the Sulchine market....
Forvia SE (FURCF) Q1 2024 Earnings Call Transcript