Forvia Q1 Sales At EUR 6.70 Bln

April 17 (Reuters) - Forvia SE FRVIA.PA:

• Q1 SALES EUR 6.70 BILLION

• CONFIRMS ITS 2025 FULL-YEAR GUIDANCE

• FORECASTS OUTPERFORMANCE IN CHINA FROM H2

• IMPLEMENTS MAXIMIZED FLEXIBILIZATION OF PRODUCTION COSTS IN SITES WHERE VOLUMES ALREADY HIT BY TARIFFS

• IMPLEMENTS HIRING FREEZE, IMMEDIATE REDUCTION OF NON-PERMANENT CONTRACTS, TRAVEL RESTRICTIONS, MARKETING EXPENSES CUT

• TARGETS REDUCTION OF CAPEX AND DEVELOPMENT COSTS OF MORE THAN EUR 100 MILLION IN 2025 VERSUS 2024

• CANCELS IAA AND CES ATTENDANCE

• RESIDUAL LIMITED EXPOSURE TO TARIFFS: AGREEMENTS WITH SUPPLIERS REACHED FOR ALMOST 50% OF EXPOSURE