Sustainability

Share
Catégorie
Group

Third-quarter 2021 sales

Chapô
Solid organic sales outperformance of 780bps, in a market that continued to be severely impacted by semiconductor shortage

Choix du type de champs
Corps
Texte

 

 

Q3 2020*

Q3 2021

Change

9m 2020*

9m 2021

Change

Group sales (€m)

3,823

3,426

-10.4%

9,907

11,208

+13.1%

At constant scope and currencies

   

-11.4%

 

 

+15.1%

Worldwide automotive production** (000 vehicles)

19,510

15,762

-19.2%

48,283

53,203

+10.2%

 

* 2020 sales figures restated for IFRS 5 (see in Appendix)

** IHS Markit forecast dated October 2021, as usually restated i.e. vehicles segment in line with CAAM for China

 

Q3 SALES AT €3.4bn WITH STRONG OUTPERFORMANCE OF 780bps, IN A MARKET THAT CONTINUED TO BE SEVERELY IMPACTED BY SEMICONDUCTOR SHORTAGE AND CONSEQUENT STOP-AND-GOs

  • All Business Groups and Regions posted significant outperformance
  • Clarion Electronics and Asia posted organic growth of 7.3% and 6.5% respectively

 

CONFIRMED FY 2021 GUIDANCE, AS RECENTLY UPDATED

On September 23, Faurecia adjusted its FY 2021 guidance to reflect the strong reset released by IHS Markit of worldwide automotive production forecast from 77 million to 72 million units for the full-year 2021. Based on this forecast, Faurecia confirms its 2021 financial targets as recently adjusted:

  • Sales of c. €15.5bn and strong organic sales outperformance > +600bps
  • Operating margin of 6.0% to 6.2% of sales
  • Net cash flow of c. €500m and net-debt-to-EBITDA ratio ≤ 1.5x at year-end

 

HELLA ACQUISITION PROCESS ON TRACK

  • Takeover Offer launched on Sept. 27 to end on Nov. 11
  • Antitrust clearances underway, expected closing early 2022 confirmed
  • Faurecia and Hella launched the project “One” to be ready at closing
Citation

Market conditions remained tough in the past quarter, impacted by adverse supply chain conditions, primarily semiconductors, that impacted automotive production and generated high volatility in OEM programs. In these challenging conditions, Faurecia nevertheless reached a solid sales outperformance and confirms its capability to achieve a strong operating leverage in 2021. 
On top of tightly managing the short-term performance, we are also focusing on successfully closing the acquisition process of Hella and prepare our companies to combine their strengths and create strong value for all stakeholders.

Auteur
Patrick Koller
Fonction de l'auteur
CEO of Faurecia
Image vignette avec filtre (liste Newsroom)
Vignette image en fond avec filtre
Sustainability
Related content
Date
Fichier
Press release299.87 KB
Catégorie
Press release
Date
Fichier
Slideshow981.93 KB
Catégorie
Presentation
On the same topic
Choix du type de champs
Image bannière (visuel principal de l'article)
H1 results
Chapô
Strong performance in H1 2021.

Group

Share
Media relations contact
Eric Fohlen Weill
Corporate communications director
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
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