First-quarter 2023 Sales

Share
Catégorie
Group

First-quarter 2023 Sales

Chapô
Sales growth of +29% in the quarter to €6.6bn driven by organic growth of +17.6%
Choix du type d'actualité
Contenu de l'article
Texte

 First quarter 2023 sales

* Restated for SAS (part of the "Interiors" Business Group), presented as Discontinued operations as from January 1, 2022
** Source: S&P Global Mobility (ex-IHS) dated March 2023
 

Strong outperformance of 1,490bps in the quarter included :

  • Favorable geographic mix impact of c. 400bps
  • Positive impact related to inflation pass-through of c. 240bps

 

All business groups outperformed global market growth; all three main regions outperformed their geographies.

Full-year 2023 guidance confirmed.

On track to achieve year-end deleveraging target, closing of previously announced transactions on schedule.

Citation

The first quarter of 2023 marked a good start of the year for FORVIA, with strong sales growth, despite a persistently uncertain environment. Organic sales significantly outperformed worldwide automotive production growth, boosted by a favorable geographic mix effect and an additional month of consolidation of HELLA.

We remain focused on our three drivers: generate solid sales growth driven by innovation and sustainability; lower the cost base and breakeven point of operations; enhance cash conversion and close the announced divestments to accelerate Group deleveraging, our top priority

Auteur
Patrick Koller
Fonction de l'auteur
CEO of Faurecia
Texte

Download the press release below.

Related content
Date
Date
Fichier
Media relations contact
You can reach our press office by using the contact form below:
Contact request
For any question regarding our protection and security of personal data policy, please check the following page: https://www.faurecia.com/en/legal-statements
Analysts and investors contact
Marc Maillet
& Sébastien Leroy
Department of Investor Relations
Contact request
For any question regarding our protection and security of personal data policy, please check the following page: https://www.faurecia.com/en/legal-statements
Sustainability contact
Remi Daudin
& Isabelle Cornu
Sustainability Department
Contact request
For any question regarding our protection and security of personal data policy, please check the following page: https://www.faurecia.com/en/legal-statements
Don’t miss out
Create an email alert
Sign-up to get notified of any publication posted on this website
Create an email alert
You are interested in:
For any question regarding our protection and security of personal data policy, please check the following page: https://www.faurecia.com/en/legal-statements
Email alert
  • Follow us
  • Follow us
  • Follow us