Faurecia Reports 1Q Revenue, Outperforms Global Auto Production; Maintaining EUR 39 FVE
No-moat-rated French auto-parts supplier Faurecia is required to disclose full financial statements every six months. The company reports only revenue in the first and third fiscal quarter of each year. For the first quarter of 2019, Faurecia reported EUR 4.3 billion in revenue, representing a 0.2% increase on a reported basis compared with the prior year. Excluding the favorable impact of currency translation, organic revenue growth would have declined 1.1%. However, global light-vehicle produc...Faurecia is an automobile equipment supplier based in France. Co.'s activities can be divided into four business units: Automotive Seating (design of vehicle seats, manufacture of seating frames and adjustment mechanisms, and assembly of complete seating units); Emissions Control Technologies (design and manufacture of exhaust systems); Interior Systems (design and manufacture of instrument panels, door panels and modules, and acoustic components); and Automotive Exteriors (design and manufacture of front ends and safety modules). Some of Co.'s customers are PSA Peugeot Citroen, VW Group, Renault-Nissan, Ford Group, BMW and GM Group.
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