Finance
Car Parts Group Forvia's Quarterly Revenue Drops on Lower China Sales
Published by Global Banking & Finance Review®
Posted on April 24, 2026
2 min readLast updated: April 24, 2026
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Forvia’s Q1 sales slid 2.2% year‑on‑year (currency‑adjusted) to €5.14 billion, driven by weaker performance in China, though the company reaffirmed its full‑year 2026 guidance.
Car parts group Forvia's sales dragged by weakness in China
Forvia Reports First-Quarter Revenue Impact and Business Developments
April 24 (Reuters) - Forvia said on Friday that a sharp sales decline in China caused a 2.2% drop in the French car parts supplier's first-quarter revenue, excluding currency translation effects.
Quarterly Sales Performance
Quarterly sales fell to 5.14 billion euros ($6.00 billion), driven by a 23.5% slump in the world's second-biggest economy, which was hurt by unfavourable customer mix and notably a significant drop in production at automaker BYD.
Impact of BYD and Market Competition
"Recently, BYD’s growth rate has changed, so we have been driven by them, particularly in the last few years. However, there is now increased competition from other customers, so this is having an impact," Forvia's finance chief Olivier Durand said in a call with journalists.
Regional Performance and Business Segments
The company still outperformed the 3.4% decline seen in global automotive production, according to S&P Global Mobility forecasts published this month, as it reported growth across all its other regions.
Clean Mobility Business Growth
It also recorded 2.2% sales growth in the Clean Mobility business, covering its vehicle depollution activities for all non-electric vehicles, which was driven by Stellantis and General Motors in North America.
Divestiture of Interiors Business
"At the same time, we have continued to make progress on the planned divestiture of our Interiors business, which we expect to materialize in the near term," CEO Martin Fischer said in a press release.
Durand declined to comment on a Bloomberg News report that on Thursday said private equity firm Apollo was nearing a deal to buy the interiors business for about 1.4 billion euros.
Joint Venture and Strategic Partnerships
He confirmed that, following Stellantis’ withdrawal from joint venture Symbio, Forvia and Michelin would move to a 50-50 partnership.
"The execution of the plan will be swift, as we now have the Commercial Court’s homologation decision," Durand said.
Outlook and Guidance
Forvia said it had seen no significant impact from the turmoil in the Middle East and confirmed its 2026 guidance.
($1 = 0.8563 euros)
(Reporting by Mathias de Rozario in Gdansk, additional reporting by Gilles Guillaume in Paris, editing by Milla Nissi-Prussak)
Key Takeaways
- •First‑quarter sales fell 2.2% at constant currency to €5.14 billion, down from €5.49 billion a year earlier, mainly due to softer demand in China (marketscreener.com)
- •The decline contrasts with robust organic growth in other regions—Europe, North America and Rest of Asia saw gains, while China was the lone underperformer (marketscreener.com)
- •Forvia maintains its 2026 guidance, expecting sales of €20–21 billion and margin improvement, backed by efficiency initiatives and portfolio simplification (globalbankingandfinance.com)
References
Frequently Asked Questions about Car parts group Forvia's quarterly revenue drops on lower China sales
1Why did Forvia's quarterly revenue drop?
Forvia's quarterly revenue declined primarily due to lower sales in China.
2How much did Forvia's quarterly sales decrease?
Quarterly sales fell by 2.2%, from 5.49 billion euros to 5.14 billion euros.
3Did Forvia change its financial guidance for 2026?
No, Forvia confirmed its existing guidance for 2026 despite the revenue decline.
4What was the impact of currency effects on Forvia's results?
The reported 2.2% sales drop for Forvia excludes the impact of currency effects.
5Which region negatively impacted Forvia's sales most?
The largest negative impact on Forvia's sales came from a decline in the Chinese market.
