Forvia Se (FURCF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, this is the conference operator. Welcome, and thank you for joining the Forvia 2026 Q1 sales conference call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Martin Fisher, Chief Executive Officer of Forvia. Please go ahead, sir. Yes, thank you very much, and good morning, ladies and gentlemen. Thank you for joining us today for our Q1 2026 sales call, which I am presenting as usual together with our CFO, Olivier Durand. I'll start by sharing our first quarter highlights, and then Olivier will walk you through the details of Q1 sales. In the end, I'll wrap up with the outlook for the full year 2026. So let's get started looking at our three strategic priorities. We started executing on our Ignite program that we presented at CMD, and I am pleased to report progress in all three priorities that support the plan. So let's start off with performance. In the current situation, our business portfolio proves to be really resilient because we are in a context of declining market volumes across all regions, and we experience unfavorable customer mix. You'll be seeing from Olivier's presentations how our sales hold up. Also, we continue to manage our business with discipline in terms of fixed cost reduction and offsetting our cost inflation. Second pillar, transformation. We make further progress when it comes to the interiors divestitures, which we expect to materialize in the near future. And also, we expect the metrics of the deal to be in line with what we presented at CMD We heard about t...