Faurecia FY2017 Revenue Growth Strong at 9%, More to Come in 2018; Maintaining EUR 32 FVE
No-moat-rated Faurecia, provider of seats, interiors, and emissions control systems to the global auto industry, reported full-year 2017 earnings per share before special items of EUR 5.09, handily beating the consensus EPS estimate of EUR 4.57 and 30% higher than the EUR 3.91 reported last year. For all of 2017, Faurecia reported EUR 17.0 billion in value-added revenue representing an 9% increase compared to the prior year. Excluding the negative impact of currency and corporate scope, value-ad...
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