- Faurecia's consolidated sales for the first quarter of 2012 rose 8.4% to €4,297 million, or +6% at constant exchange rates and on a comparable basis. - Product sales reflected: > A slight decline in Europe of 2.0% despite a significant drop in production; > Rapid growth in North America: up 26% like-for-like; > Ongoing expansion in Asia: up 16% like-for-like
GROUP SALES FOR THE FIRST QUARTER OF 2012 Faurecia sales totaled €4,296.6 million in the first quarter of 2012, up 8.4%. This figure includes sales for the Madison plant (Mississippi, USA), consolidated since April 4, 2011 (€43.8 million). At constant exchange rates and on a comparable basis, sales were up 6.0% in the first quarter of 2012.(...) PRODUCT SALES BY BUSINESS GROUP (Change is shown at constant exchange rates and on a comparable basis). - Automotive Seating Product sales totaled €1,273.2 million (of which € 43.8m from the Madison plant), an increase of 1.8%: - Interior Systems Product sales totaled €845.0 million, up 8.0%: - Emissions Control Technologies Product sales totaled €823.1 million, an increase of 13.3%: - Automotive Exteriors Product sales totaled €411.8 million, a decrease of 3.2%. Europe represented 96% of product sales. PERSPECTIVES The good sales momentum in Q1 is indicative of an improving geographical mix of Faurecia’s sales and of an enlarged client portfolio. In Q2-2012, light vehicle production in Europe is expected to decline more than in Q1 whilst other markets are expected to continue growing at a steady pace. Against this backdrop, Faurecia confirms the 2012 objectives announced on February 8, 2012.
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Read the Q1 Sales 2012 financial presentation