Forvia Se (FURCF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning ladies and gentlemen and thank you to be with us attending our 2024 results presentation. The setup today is a little bit specific. We have, as usual, our CFO, Olivier Durand, with us. But we also have Martin Fischer. Today is my last day and tomorrow is your first day as the new CEO of the company. So a very warm welcome and start in this new assignment. Maybe, Martin, you want to say a few words? Good morning, everyone. It's my pleasure to join my first Investors Call with you. And I'm happy to share today my view on the company and obviously also the outlook. But, Patrick, let's first stay to the agenda and start with fiscal year 2024. So the agenda, we will start, if it would work, perfect. We will start with the 2024 highlights. Olivier will take over for a more detailed financial performance presentation. Martin will take over for the 2025 outlook. We will have a takeaway and then the Q&A. The 2024 highlights. In 2024, we continued the transformation of our group and transformation initiated a few years ago. Three main pillars. The first one is technology and innovations. We have consolidated Completely Happening, which is our app store, and we also have launched a new group initiative, Engage, in order to secure an engineering and R&D activity at Chinese benchmark level. On the geography, two things, EU forward and west to east. West to east, we want to benefit as much as possible from the remaining growing region, which is Asia, and more specifically China. But we want to do that in a better balance between the regions and this is why we have launched last year EU Forward in order to improve our margin after having adjusted our capacities to the new reality of the European market. Very important for us, sustainability. We have launched Design for...