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2003 |
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[October 8, 2003]
2003 Third-quarter Sales
Faurecia posts stable third-quarter sales in declining market
Third-quarter sales fell 3.7% compared to
the same period in 2002, to €2,228.9 million. The decline can primarily
be attributed to the following factors: while the group posted organic growth
of 1.5% in a European automobile market that constricted by an estimated
5% during the same period, its performance was offset by a 1.8% decrease
in revenues from catalytic converters, the deconsolidation of the cockpit
business in Ghent, Belgium (-1.7%) and a negative foreign currency effect
(-1.7%).
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[July 23, 2003]
2003 First half year
Increased sales and
improvement of operating margin:
- Continued internal growth: + 5.7 % compared with 2002, at 5,242
million euros
(+ 8.3 % excluding sales of catalytic converters and + 12 % at a constant
exchange rate).
- Improvement of operating margin: 3.1 % compared with 2.6 % in 2002.
 To access presentations and interim report
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[May 20, 2003]
Faurecia and Siemens VDO Automotive strengthen their joint venture in the cockpit sector
Faurecia S.A. and Siemens VDO Automotive AG, agreed to expand their joint venture, SAS Autosystemtechnik Verwaltungs-GmbH, and to specialize it in just-in-time assembly of cockpit modules.
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[April 9, 2003]
2003 First-quarter Sales
Steady internal growth of 8.0% (+10.7% excluding sales of catalytic converters)
Faurecia consolidated sales for the first quarter
of 2003 amounted to 2,582.5 million euros, up 8%.
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[February 7, 2003]
Second Half and Year
2002 Results
Improvement of operating margin and continuation of restructuring
Second half of 2002:
· Improvement of operating income
(2.6% of sales against 2.3% for the same period in 2001)
· Constant internal growth of +7.8%
(+12.5% excluding sales of catalytic converters)
· Control of net debt at December 31 (-54.2 M euros)
· Continuation of restructuring
(123.2 M euros including an impact of 69.9 M euros on the statement of earnings)
To access presentations and interim report
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[January 13, 2003]
2002 Four quarter Sales
Faurecia recorded another increase in business
in the fourth quarter of 2002. Sales reached 2,592.5 million euros, up 9.2%
compared to 2001, including a negative exchange rate impact of 2.6% and
a negative impact of 4.0% resulting from the decrease in the price of precious
metals used in exhaust systems catalytic converters. The quarter was marked
by the continuation of a very strong growth in the Automotive seating business,
which recorded an increase in sales of 25.1%.
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