Forvia SE (FAURY) Q1 2026 Sales/Trading Call Transcript
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SA Transcripts159.44K FollowersFollow5ShareSaveCommentsFollow us on Google for the latest stock newsFollow Seeking Alpha on Google for the latest stock newsPlay Earnings CallPlay Earnings Call Forvia SE (FAURY) Q1 2026 Sales/Trading Call April 24, 2026 2:00 AM EDT Company Participants Martin Fischer - CEO & DirectorOlivier Durand - Executive VP & Group CFO Conference Call Participants Christoph Laskawi - Deutsche Bank AG, Research DivisionStephen Reitman - Bernstein Institutional Services LLC, Research Division Presentation Operator Good morning. This is the conference operator. Welcome, and thank you for joining the Forvia 2026 Q1 Sales Conference Call. [Operator Instructions] At this time, I would like to turn the conference over to Mr. Martin Fischer, Chief Executive Officer of Forvia. Please go ahead, sir. Martin FischerCEO & Director 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 3 strategic priorities. We started executing on our IGNITE program that we presented at CMD and I am pleased to report progress on all 3 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 experienced 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 interior divestitures, which we expect to materialize in the near future. And also, we expect the metrics