Faurecia to Capitalize on Automotive Trends in Emission Reduction, Cockpit Electronics, and Seating
No-moat-rated Faurecia, the seating, interior components, and emissions control supplier, reported full-year earnings per diluted share of EUR 5.09, a healthy improvement from EUR 4.40 reported a year ago but EUR 0.03 shy of the sell-side consensus. The company reports only revenue in the first and third fiscal quarters and complete financials for the first half and full year. Full-year 2018 revenue was EUR 17.5 billion, representing a 3.3% increase from the prior year. Excluding the unfavorable...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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