Finance / 25/07/2013
2013 Interim Results
- Consolidated sales increased by 5.7% to €9.26 billion;
- Operating income of €256 million, or 2.8% of total sales;
- Net income at €35 million, or €0.32 per share;
- Net debt at €1.71 billion.
Yann Delabrière, Chairman and CEO of Faurecia, stated "In the first half of 2013, Faurecia continued to show strong growth, particularly in North America and Asia. In Europe, measures have been introduced to reduce fixed costs which will positively impact operating income in the second half. In North America, the first half shows a sequential improvement in margins, which will accelerate in the second half of the year. The strategy deployed to reconcile growth and cash flow generation delivered on its promise in the first half of 2013, with a balanced net cash flow and a reduction in net debt of €100 million."
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