Challenge 2009 targets either met or exceeded
HIGHLIGHTS
The Challenge 2009 plan, introduced in late 2008 to enable Faurecia to emerge strengthened from the crisis affecting the automotive industry, has been effective, producing the expected results over the year as a whole:
- Improvement in operating income in the second half of the year (95.6 million euros); Balanced cash flow in the second half of the year;
- Easing of the debt burden (1,401 million euros compared with 1,604 million euros in December 2008);
- Costs cut by 663 million euros in 2009;
- An 18% reduction in breakeven point;
- Acquisition of Emcon Technologies and Plastal Germany.
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