Feb 20 (Reuters) – Forvia, the European auto parts maker born out of Faurecia’s ( EPED.PA ) takeover of Hella, on Monday forecast 2023 sales of between 25.2 billion and 26.2 billion euros ( $26.9 billion and $28 billion). billion), after its annual sales of 25.5 billion euros reached the upper end of its guidance.
The group, which sells seats, dashboards and fuel systems to carmakers, is also targeting an operating margin of between 5% and 6% for the current financial year and cash flow net higher than 1.5% of sales.
The guidance is based on estimated global auto production of 82 million vehicles, Forvia said in its earnings statement.
($1 = 0.9355 euros)
Reporting by Dagmarah Mackos in Gdansk; Assembly of Milla Nissi
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