Forvia SE - Company Profile
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Business Description
Forvia SE designs develop, manufactures, and supplies automotive equipment worldwide. The company offers seat components such as frames, adjustment mechanisms and foams. It also provides vehicle interior products such as instrument panels, modules and door panels, and acoustic products. The company's major customers include Ford, Volkswagen, Renault, Nissan, General Motors, Daimler, BMW, Toyota, Hyundai, Chrysler and others.
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R&D Overview
R&D efforts focus on becoming the preferred innovation and integration partner for OEMS worldwide. Forvia aims to be a change maker committed to foreseeing and making the mobility transformation happen. Furthermore, the company has established partnerships with Schneider Electric, Engie, KPMG and Artelia to accelerate Forvia's CO2 neutrality program and with technology companies to increase innovations in cloud computing, data analysis and cybersecurity functions. It also creates joint ventures with companies such as Michelin for fuel cell systems or Aptoide for an onboard app store. The company filed for 1,502 patents in FY2022. In FY2022, it spent EUR896.7 million on R&D, which was 3.5% of its revenue and grew 171% YoY.
Business Segments
Overview
Provides solutions for weight reduction, pollutant emissions control, acoustic treatment, and energy recovery to automakers to meet stringent environmental standards. Designs, develops, manufactures, and supplies exhaust systems and components including mufflers, manifolds, catalytic converters and emissions. Offers self-adjusting adaptive valve to support lighter-weight vehicles. In FY2022, the segment's capital expenditure stood at EUR132 million, which decreased 7.8% YoY.
Performance
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Overview
Offers software and electronics expertise of Clarion, Parrot Automotive and Coagent Electronics as well as other acquisitions such CovaTech and Creo Dynamics. In FY2022, the segment's capital expenditure stood at EUR270.3 million, which grew 1,225% YoY.
Performance
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Overview
Designs, develops and manufactures cockpits, instrument panels and center consoles, door panels and modules, and acoustic products and modules for automotive applications. Also offers decorative components such as paint, film, wood and aluminum for vehicle interiors. In FY2022, the segment's capital expenditure stood at EUR207.3 million, which grew 16.3% YoY.
Performance
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Overview
Provides solutions to a vehicle's lifecycle which includes workshop and special original equipment. In FY2022, the segment's capital expenditure stood at EUR33.2 million.
Performance
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Overview
Offers the design and manufacturing of lighting technologies. In FY2022, the segment's capital expenditure stood at EUR270.8 million.
Performance
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Overview
Offers automotive seating components which include frames, mechanisms and motors, padding, seat covers, electronic and pneumatic systems and accessories. Also offers frames and seat mechanisms. Assembles front and rear seats to its customers’ plants. In FY2022, the segment's capital expenditure stood at EUR226.4 million, which grew 30.6% YoY.
Performance
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Geographical Segments
Target Markets
United States, Canada, Brazil, Mexico, Uruguay and Argentina.
Performance
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Target Markets
China, India, Thailand, Japan, South Korea and Malaysia.
Performance
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Performance
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Performance
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Performance
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Target Markets
Poland, Russia, Romania, the UK, Portugal, Spain, Italy, Austria, Hungary, Slovakia, Denmark, the Netherlands, and the Czech Republic.
Performance
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