Finance / 14/04/2016
Faurecia posts strong consolidated sales growth in the first quarter of 2016 and finalized its successful refinancing
Reported sales were almost stable at +0.1%. Over the quarter, exchange rate variations negatively impacted the business activity by 1.5%.
Sales growth is broken down as follows:
- Product sales (parts and components delivered to automakers) totaled €3,586.6 million during the first quarter of 2016, up 4.6% like-for-like and up 2.3% on a reported basis. Exchange rate variations negatively impacted the business activity by 1.7%;
- Monolith sales1 were up 1.0% like-for-like at €816.5 million and down 11.5% on a reported basis;
- Development, tooling and prototype sales reached € 253.5m up 16.2% like-for-like and up 13.4% on a reported basis.
For further details, please read the press release or the presentation slides
Finance / 26/07/2016During the first half of 2016, Faurecia showed a strong improvement of its profitability.+
Finance, Corporate / 11/07/2016The European Commission has now approved the sale of Faurecia Automotive Exteriors to Plastic Omnium, subject to a commitment from Plastic Omnium to divest all of the bumper business in France and a site in Spain as well as the Front End Module business in Germany.+