Forvia SE (XPAR:FRVIA)

€ 15 -0.3 (-1.96%) Market Cap: 2.95 Bil Enterprise Value: 9.88 Bil PE Ratio: 13.39 PB Ratio: 0.66 GF Score: 86/100

Q3 2022 Faurecia SE Corporate Sales Call Transcript

Oct 21, 2022 / 07:00AM GMT

Release Date Price: €13.29 (-2.64%)

Transcript

Operator

Good morning. This is the conference operator. Welcome, and thank you for joining the FORVIA Third Quarter 2022 Sales Conference Call and Webcast. (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

Faurecia S.E. - Executive VP & Group CFO

Yes. Thank you. Good morning, everyone. I'm with Alice Schmauch and Marc Maillet, respectively, Deputy CFO and responsible for Investor Relations for this call. Welcome, everyone. So this morning, we will present, in fact, the updates on Q3, not only on the revenues but also on events in the period, in particular, on deleveraging, the management of the current context, and in particular, the energy crisis and the development of our order book. If I go to Page 3, on the main events on the commercial side, we have a strong order intake year-to-date of EUR 24.5 billion. I want to highlight 2 things about this. Number one, we are selective.

We have beef-up our criteria of selectivity, in particular,

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