Faurecia : A solid Q1 and a highly confident message for 2021
>A very solid performance in Q1 in a challenging context - Faurecia yesterday reported very solid Q1 2021 sales (+12% organic) in a challenging context at the start of the year, characterised both by problems related to semiconductors and an unfavourable geomix for European auto suppliers (negative impact of 900bp at Faurecia). Going forward, management indicated, as expected, that it was looking for an acceleration as of Q2 (comparison base, contract start-ups) and l...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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