Faurecia announced today Q3 sales.
Sales growth is broken down as follows:
- Value-Added sales - Total sales less traded Monoliths sales. Value-Added sales do represent the real group activity.
Value-added sales reached € 3,531.3 million in Q3, up 3.7% (vs Q3 2015) at constant exchange rates and scope. They were down 0.3% on a reported basis mainly due to negative exchange rates variations of € 75.0 million (-2.1%). Scope impact (mainly the Fountain Inn plant disposal at end of June 2016) was negative by 1.9%.
- Monolith sales** were down 7.9% (vs Q3 2015) organic at € 710.0 million and down 9.0% on a reported basis. This decline was mainly coming from lower precious metal prices.
- Consolidated sales stood at € 4,241.3 million in the third quarter of 2016, up 1.6% (vs Q3 2015) at constant exchange rates and scope. Reported sales were down 1.9%. Over the quarter, exchange rate variations negatively impacted the business activity by 1.9%. Scope impact (mainly the Fountain Inn plant disposal at end of June 2016) was negative by 1.5%.
*: Organic: at constant exchange rates & scope
** Monoliths: precious metals and ceramics used in emissions control systems.
Read the full press release below.