Forvia SE (XPAR:FRVIA)

€ 14.435 0.005 (0.03%) Market Cap: 2.84 Bil Enterprise Value: 9.76 Bil PE Ratio: 12.89 PB Ratio: 0.63 GF Score: 86/100

Full Year 2020 Faurecia SE Earnings Call Transcript

Feb 22, 2021 / 08:00AM GMT

Release Date Price: €40.31 (-4.65%)

Transcript

Patrick Koller

Faurecia S.E. - CEO & Director

Good morning. Good morning, and welcome to our 2020 results presentation. I also would like to thank you for your interest.

The agenda of this morning, I will start with the 2020 highlights, followed by the financial review made by Michel Favre, and we will close this session with takeaways and a Q&A session.

2020 highlights. So the first thing is, of course, related to the COVID-19 and how with Safer and Stronger Together, our protocol, we resisted to it. It worked well, and it is recognized by our population, our Faurecians, through a survey, an employee survey we have made, which showed a best-ever result in terms of being federated to what we are doing. So thank you very much for all our people for this discipline and this rigor in the way we implemented it. It's also related to agility and resilience during this period of time, which allowed us to even accelerate our cost reductions, and we will be back on this.

Strong recovery in the second half. All the committed targets are overachieved. Sales of EUR 8.5 billion.

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