Faurecia : Faurecia lives up to expectations
>No negative surprises in H1, recovery potential in H2 confirmed - Faurecia yesterday reported H1 2020 results that were broadly in line with expectations and which reflected the group’s strong resilience (EBIT, FCF) in the challenging environment. More importantly, the H2 outlook, though based on a conservative production scenario (-15% vs IHS at -10%) reflecting the uncertainty surrounding Q4 (Europe, US), confirms the group’s recovery potential, as we expected (no...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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