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Faurecia, part of the FORVIA Group, has been recognized in this year's German Innovation Award in the "Excellence in Business-to-Business" competition category: Faurecia Interiors' sustainable composite materials NAFILean-R and rCF NFPP received the "Winner" award in the "Automotive Technologies" category. With their use of natural fibers, these materials set standards in recycling and contribute to weight reduction in vehicle interiors and thus to a reduced carbon footprint in automotive construction. The German Innovation Award honors innovative achievements that break new ground through their added value.

● A pioneering cooperation to address the challenge of developing recycled materials and achieve an average of 30% of recycled plastics for the automotive interior modules by 2025.
● An accelerated time-to-market and development thanks to the technological know-how and industrial capacities of both partners.

• Q1 2022 sales of €5.3bn, up 33% on a reported basis (including first two months of consolidation of HELLA)
• Organic sales growth of +1.1% (Faurecia stand-alone), outperforming automotive production by 530bps
• First release of FORVIA’s FY 2022 guidance (including 11 months of consolidation of HELLA)
• Increased financial flexibility to get through the current uncertain environment, thanks to covenant renegotiation, suspended dividend payment in 2022 and upgraded asset divestment program by end 2023