- 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.
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.
Read the complete press release
Read the Q1 Sales 2012 financial presentation