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[December 19, 2005]
Faurecia adjusts goodwill for Vehicle Interiors business
Faurecia’s board met on December 16th and reviewed
the Group’s most recent earnings forecasts. The increase in plastics prices
in fourth quarter, the contraction in automobile production of our main
customers, and continued pressure on selling prices means that Faurecia
will not achieve its profitability target for Vehicle Interiors in the second
half 2005.
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[November
7, 2005]
Faurecia joins forces
with Kwang Jin Sang Gong to produce door modules in South Korea
As part of its growth strategy in the Asia-Pacific
zone, Faurecia – Europe’s second largest automotive equipment supplier and
the ninth largest worldwide – signed an agreement with the South Korean
company Kwang Jin Sang Gong to create a 50/50 joint venture for the production
of door modules in South Korea.
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[October
13, 2005]
2005 Third-quarter Sales
Stable sales in a declining market
Faurecia’s third quarter sales came to €2,496.3
million, up 1.2%. Excluding monolith sales, they dipped a slight 0.4% or
0.3% at constant exchange rates and on a comparable basis. Exchange rate
fluctuations had a positive impact of 1.0% while changes to the consolidation
scope had a negative impact of (1.1)%. Consequently Faurecia’s sales were
stable against the demanding comparison base of last year’s Q3. This was
achieved despite the approximate -3% decline in European automobile production
in the third quarter of 2005.
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[September
27, 2005]
Faurecia opens a multi-module plant for BMW in Leipzig (Germany)
Faurecia officially opened its new multi-module plant in Leipzig, Saxony,
Germany today. Located in the BMW industrial park, the plant, which employs
304 people, enables Faurecia to assemble three major modules for the BMW
3 Series at one site: seats, front ends and cockpits (in collaboration with
SAS, a joint venture with Siemens VDO).
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[September
14, 2005]
Faurecia demonstrates
its state-of-the-art technological expertise with the new Mercedes-Benz
S Class
As the supplier of the instrument panel, door panels and central console
for the Mercedes- Benz S Class, Faurecia is proud to make such a significant
contribution to the launch of the automaker’s new flagship, unveiled at
the Frankfurt Motor Show.
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[July
21, 2005]
First half year 2005
results
Faurecia continues to grow
outside Europe
Sales grew
while European automotive production slightly declined:
- Sales up 1.7%
- Sales increased 2.5%, excluding monoliths (at constant exchange rates
and on a comparable basis).
Substantial growth outside Europe (at constant exchange
rates and on a comparable basis):
- Sales in Asia: up 40%,
- Sales in North America: up 14%,
- Sales in South America: up 23%.
Access to the First-Half 2005 results presentation
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[July
13, 2005]
Faurecia to produce
door modules for the Chrysler Group
Company
continues growth in North America.
Faurecia, a world leading automotive supplier, has announced the signing
of a recent contract with the Chrysler Group to produce HIM (High Integrated
Modules) door modules for a vehicle platform in the United States. The HIM
door module is a concept based on function integration and was patented
by Faurecia.
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[May
23, 2005]
Report of the Annual
General Meeting
The Annual General
Meeting of shareholders was chaired by Pierre Lévi, Faurecia's Chairman
and CEO, on May 23, 2005 in Paris.
The shareholders approved the company's results and agreed to a dividend
of €1.10 per share to be paid on June 15, 2005.
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[April
28, 2005]
Faurecia to participate
in the creation of an Industrial Campus in the Flers region (Normandy)
Faurecia, one of Europe’s leading automotive suppliers
and leading private employer in France’s Orne department, has decided to
merge its three seat mechanisms plants at Flers in the industrial campus
created by the regional, departmental and local authorities in Caligny (six
kilometers from Flers).
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[April
27, 2005]
Faurecia plans to strengthen
its research centers and optimize the manufacturing facilities of its automotive
seating activity in France
Faurecia, one of Europe’s leading automotive suppliers,
has just announced to trade union representatives present at the Central
Works Council meeting of Faurecia Sièges d'Automobile (FSA), a project to
strengthen its research centers and to optimize its manufacturing facilities
in France.
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[April
25, 2005]
Faurecia Honored by
General Motors as a 2004 Supplier of the Year
Faurecia was named as a General Motors Supplier
of the Year for its overall business performance in providing GM with world-class
parts and services. The award was presented during a ceremony held on Saturday,
April 23, at the General Motors Vehicle Engineering Center in Warren, Michigan,
USA.
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[April
13, 2005]
First quarter 2005
sales
Faurecia sales increased 0.4% to €2,616.1 million
in the first quarter of 2005. Excluding monoliths, sales dropped 0.7% but
are up 1.1% over the first quarter of 2004 at constant exchange rates and
on a comparable basis. Exchange rates had a positive impact of 0.2%, while
the effect of change in Group structure was a negative 2.0%. The group maintained
growth outside Europe. In Europe, the decline in automobile production in
the first quarter of 2005, coupled with the maturity of key vehicles for
which Faurecia supplies, led to virtually stable sales.
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[February
17, 2005]
Second Half and Year
2004 Results
Further progress for Faurecia
Second half 2004
- Sustained organic growth: + 7.2%*
- Further improvement in operating margin: + 0.3 percentage
point (3.2% of sales)
- Sharp rise in net income: €51.8 million (€20.8 million
excluding capital gains on disposals), compared to a loss of €6.1 million
in the second half of 2003.
- Debt reduction of €169 million.
*excluding monoliths, at constant exchange rates and on a comparable Group
structure basis.
Access to Second Half and Year 2004 Results presentation
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[February
7, 2005]
Denial of the Lettre de L'Expansion comment
The Faurecia Group was surprised to read an unsubstantiated
comment in the "Lettre de L'Expansion" this morning stating a forecast loss
of 3 million euros for the fiscal year 2005. This information was then added
to the AFP newswire. The Group formally denies this information. The 2004
results will be published on 17 February 2005.
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[January
13, 2005]
Fourth Quarter Sales 2004
Sales growth at Faurecia in Q4
Faurecia's Group sales rose by 3.0% in the fourth
quarter. This growth was obtained despite a slight slowdown in European
automotive production. Excluding monoliths, sales rose by 1.8% and 4.2%
at constant exchange rates and on a comparable Group structure basis. The
negative impact of the exchange rate and change in Group structure represented
respectively 0.8% and 1.6%.
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