Faurecia : H1 2021 earnings: a solid release and a confident tone on the outlook
>H1 earnings broadly in line, FCF higher, FY 2021 guidance confirmed - Faurecia’s H1 2021 earnings, released this morning, came in slightly better than expected (EBIT margin slightly higher, FCF 2x above expectations) and management largely confirmed the FY guidance as expected (FCF targets nonetheless upgraded) on the back of this solid H1 performance and despite the ongoing chips shortage expected to last until the end of H1 2022 (but improving).A stron...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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